On the recordMarch 7, 2022
Madam President, in just a few moments, this body will take an important vote to continue moving forward on the bipartisan Postal Service Reform Act. These vital reforms will help set the Postal Service on a more stable financial footing so that this trusted public service can continue delivering to every single community in the United States. Millions--millions--of Americans are counting on the Postal Service to deliver essential mail, including medications, important financial documents, and other critical supplies. We have all seen firsthand how veterans and seniors, small businesses, rural residents, and others who rely on the Postal Service face serious hardships when the Postal Service is focused on cutting costs by making changes to delivery service. This bill will help address the most significant financial burdens on the Postal Service by reversing an unnecessary requirement to prefund every cent of healthcare benefits that every postal employee will eventually use in retirement no matter how far off that retirement may be. By eliminating this aggressive prefunding requirement--I may add, something that no other business in America is forced to do--along with integrating postal retirees' healthcare into Medicare, like so many other private employers, this bipartisan, commonsense legislation will save the Postal Service more than $49 billion over the next 10 years.…
Source
govinfo.gov




