"...Legislation has been introduced in the House to make a number of reforms to the Postal Service.
The Postal Service Reform Act of 2017 (H.R. 756) would make pension funding reforms, allow for postal rate increases and even allow the Postal Service to provide non-postal services in some cases.
With regards to reforming the Postal Service’s pension program, the bill would do the following:
- Calculates the Postal Service’s pension costs and liabilities using the salary growth and demographic assumptions that are specific to the Postal Service population instead of the government-wide population, as in current law.
- Any surplus within the Postal Service’s Civil Service Retirement System or Federal Employees Retirement System accounts must be amortized over 30 years and returned to the Postal Service...."