Sun. Apr 21st, 2024

USPS reform bill offering ‘much-needed reset’ on its finances passes Senate

March 10, 2022

READ FULL ARTICLE AT » Federal News Network

A long-awaited reform bill expected to save the Postal Service a total of $107 billion is headed to President Joe Biden’s desk.

The Senate on Tuesday passed the Postal Service Reform Act, which would, among other things, eliminate a 2006 mandate from Congress to pre-fund retiree health benefits.

Postmaster General Louis DeJoy supports the bill, as do postal unions and associations, who say it will address USPS’s long-term financial challenges.

DeJoy said in a statement that the bill, combined with operational reforms in the agency’s 10-year reform plan, will allow USPS to continue to self-fund its operations “for many decades to come.”

Notify of
Inline Feedbacks
View all comments
Share via
Would love your thoughts, please comment.x
Send this to a friend