The usual suspects in Congress are at it again, with a âreformâ bill that contains a pre funding section, in addition to a number of poison pills that we are expected to swallow. Speaks for itself and should be stopped dead in it’s tracks. Draft Postal Service Reform Act of 2016 Postal Service Health Benefits…
June 29, 2016 On June 15, House Oversight and Government Reform Committee Chairman Jason Chaffetz, R-UT; Ranking Member Elijah E. Cummings, D-MD; and Reps. Mark Meadows, R-NC; Gerry Connolly, D-VA; and Stephen F. Lynch, D-MA, unveiled a bipartisan discussion draft of postal reform legislation. Although it is a notable improvement over previous postal reform efforts,…
June 29, 2016 The House Oversight and Government Reform Committee recently introduced a discussion draft on postal reform legislation, which addresses prefunding, health care benefits, and the MSPB rights of postal supervisors. National Association of Postal Supervisors President Louis Atkins issued a letter to Committee leadership addressing the Associationâs concerns as well as the benefits…
The 2016 Medicare Trustees Report says that Medicare is expected to go bankrupt in 12 years. Projected costs are forecast to exceed income, depleting the Medicare trust fund by 2028. These projections are based on current law. Adding postal retirees will drain the Medicare trust fund quicker. This means future Medicare beneficiaries are facing hefty…
Hearing Date: May 11, 2016 TAKEAWAYS: Substantive and comprehensive legislative reform is urgently needed due to the deteriorating financial condition at USPS. Chairman Chaffetz announced plans to release a postal reform discussion draft in coming weeks. Lack of meaningful cost-cutting initiatives, aging delivery vehicles, and declining infrastructure contribute to the agency moving increasingly further away…
By Joe Davidson – February 14, 2016 After years of singing the blues, postal officials had reason for a praise song. For the first time in almost five years, they reported a U.S. Postal Service quarterly net profit. The $307 million in net income for the first quarter of fiscal year 2016, which ended Dec….
By Editorial Board –Â January 26, 2016 THE SENATE could not have chosen a more appropriate title for last weekâs committee hearing on the nationâs troubled postal system: âLaying Out the Reality of the United States Postal Service.â Witness after expert witness explained just how desperate that reality is. In the age of email and text…
By Michael Sandler – January 26, 2016 Legislation aimed at improving the finances of the struggling U.S. Postal Service would force its retirees to use Medicare as their primary insurer. The USPS currently pays for retiree healthcare through the Federal Employees Health Benefits Program (FEHBP). The Postal Accountability and Enhancement Act of 2006 requires it to…
