"...Postal overpayments into the Federal Employees Retirement System total some $13 billion. Returning this money to the Postal Service would allow it to fund a large-enough number of early-retirement incentives to enable the necessary reduction in its stubbornly high — 80 percent — and no-longer-affordable personnel costs, as well as for other uses, such as paying down its debt to the Treasury...
it is essential to reform the devastating retiree health care prepayments that the Postal Service must make. These prepayments are the source of the agency’s $11.1 billion in defaults over the past two months, and a major contributor to its precarious financial condition overall. The payments set by Congress are too high, and the Postal Service cannot meet them. Congress should stretch the payments out over 40 years instead of the 10 years under current law. The Senate made this a centerpiece of its postal reform legislation, and the House should follow suit..."
