Ask your representative to cosponsor H. R. 1351
H.R. 1351 would resolve those financial inequities and bring the Postal Service into financial solvency with no use of tax payer money.
We respectfully request that you consider becoming a cosponsor to H.R. 1351, a bill introduced by Representative Stephen Lynch of MA.
The U.S. Postal Service is currently facing a financial crisis partly due to the recession, but more significantly caused by the burdensome requirement of the 2006 Postal Accountability and Enhancement Act (PAEA) that it make payments averaging $5.5 billion dollars annually to prefund it retiree health benefits. Absent those prefunding mandates the Postal Service would actually be operating at a surplus over the last 4 fiscal years.
In addition, recent independent audits have shown that the USPS has already overfunded its Civil Service Retirement Fund by over $50 billion dollars and also has overfunded the Federal Employee Retirement System by nearly $7 billion dollars.
H.R. 1351 would resolve those financial inequities and bring the Postal Service into financial solvency with no use of tax payer money.
The U.S. Postal Service is currently facing a financial crisis partly due to the recession, but more significantly caused by the burdensome requirement of the 2006 Postal Accountability and Enhancement Act (PAEA) that it make payments averaging $5.5 billion dollars annually to prefund it retiree health benefits. Absent those prefunding mandates the Postal Service would actually be operating at a surplus over the last 4 fiscal years.
In addition, recent independent audits have shown that the USPS has already overfunded its Civil Service Retirement Fund by over $50 billion dollars and also has overfunded the Federal Employee Retirement System by nearly $7 billion dollars.
H.R. 1351 would resolve those financial inequities and bring the Postal Service into financial solvency with no use of tax payer money.
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