"...Postal Service reform coming out of the Senate would save the agency just under $17 billion dollars, including the costs of implementation, according to a new Congressional Budget Office estimate.
The bill would extend the postage rate increase, let USPS cut back delivery to only five days a week and change the payments made to the Postal Service Retiree Health Benefits fund, among other changes...
Under current regulations, the Postal Service must also contribute money to the Federal Employees Health Benefits program as well as to the Postal Service Retiree Health Benefits Fund (PSRHBF) to help cover retirees' and future retirees' health insurance premiums. USPS has not made payments toward the future retirees' fund over the last four years due to its poor financial situation.
With the new bill, USPS would no longer be required to make direct payments to the FEHB fund over the next two years, stated CBO. Instead, the..."