Jun 14, 2013

Postal Reform Proposal Modifies Retirees' Health Care Prefunding

"...A draft postal reform bill from the chairman of the House Oversight and Government Reform Committee supports ending Saturday mail delivery and would modify how the agency pre-funds retiree health-care payments that now threaten to sink the agency into financial insolvency.

Committee Chairman Darrell Issa (R-Calif.) released the proposed legislation as a "discussion draft" to gather comments on the bill before it's formally introduced, according to a notice on the committee's website.

Congressional postal reform efforts have remained dormant so far this year, even as the Postal Service's financial outlook has worsened.

The draft bill puts a stamp of approval on the Postal Service's plans to end first-class mail delivery on Saturdays while retaining package delivery, which the agency estimates will save as much as $2 billion a year..."

Read more at FederalNewsRadio.com

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