A bipartisan group of lawmakers in the House and Senate introduced legislation that would provide the Postal Serviceby doing away with a mandate that required it to prepay retirement benefits decades in advance.
The"USPS Fairness Act," introduced by Democrats and Republicans in both chambers, would do away with the requirement and comes as some lawmakers and the biggest Postal Service union have called for President Joe Biden to quickly install new leadership in the federal agency.“The unreasonable prefunding mandate has threatened the survival of the USPS and placed at risk vital services for the millions who rely on it,” said Rep. Peter DeFazio, D-Ore., one of the bill’s sponsors.
Sens. Steve Daines, R-Mont., and Brian Schatz, D-Hawaii, introduced the bill Monday in hopes of quickly pushing it through the Senate this time. The Postal Service “missed $48.2 billion in required payments for postal retiree health and pension benefits as of September 30, 2018,” aThe report noted that the agency’s liabilities had drastically increased because of the mandate, showing that the Postal Service's debt had grown to more than 200 percent of its revenue since the passage of the 2006 law.
Dude the USPS ?! Damn I see them out there everyday they seem busy. They always need bailing out, every time I read about USPS it’s they about to go under. Maybe they should steal cars that look like birthday cards get that money ya know
I'm always confused by this. Amazon uses the post office to send its packages doesn't it? So how is one the world's most valuable company and the other is broke?
PuestoLoco Yes please! This law was ludicrous.
POSTAL WORKERS CAN'T CLOSE MAILBOX LIDS SO WHY GIVE THEM ANYTHING. OH, THE BOX IS IN GOOD SHAPE JUST LAZY WORKERS.
Its about time. Republicans should never be forgiven for what they've done to the USPS.
COVID vaccines = Cash for Bill Gates and millions of DEATHS
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