Please contact your Representative and urge them to cosponsor and support HR 1351, a bill introduced by Rep. Steve Lynch (D-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 that it make payments of $5.4 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.
Recent independent audits performed for the USPS Office of Inspector General and the Postal Regulatory Commission 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 is a bill that would resolve those financial inequities and bring the Postal Service into financial solvency with no use of tax payer money.
Please take the time to contact your Representative and ask that they cosponsor, and later support HR 1351 when it is considered in the House of Representatives.
