Postal Pension and Health Care Benefits Under Attack In Postal Bills

Senators Introduce Postal Reform Bill With Bipartisan Support

"...The reform act would allow the Postal Service to not offer new employees access to the Federal Employees Retirement System or contribute to their Thrift Savings Plan account. It would also give USPS authority to, in consultation with postal unions, create an independent health care benefits system ..."  
Source: www.govexec.com

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Postal Healthcare

The healthcare bill you don't know about at the Postal Service

"...A provision contained in the otherwise modest postal reform bill of December 2006 aims to pre-fund retiree health benefits with money that was overfunding the USPS's contribution to another government account. For the next 10 years, the Postal Service is required to direct more than $5 billion annually into pre-funding retiree health benefits. That's not enough to wipe clean the tab for taxpayers, but it is enough to make a prudent down payment...."

Reference: www.miamiherald.com

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