USPS – Postal reform hinges on House action

A House plan to help the U.S. Postal Service restore its financial health is expected to come up for a vote before the August recess. The bill, which takes a more austere approach than the Senate postal reform bill passed in the spring, would reduce postal delivery from six to five days a week, transfer about $11 billion in surplus retirement contributions into the Postal Service’s coffers, decrease the agency’s contribution to employees’ health and life insurance premiums, and restructure the payments USPS is required to make annually to prefund retirees’ health benefits.

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