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(106,311 posts)
Tue Feb 2, 2021, 08:55 PM Feb 2021

Bipartisan group of lawmakers proposes bill to lift rule putting major financial burden on USPS [View all]

Source: The Hill

A bipartisan group of lawmakers introduced a bill to ease a major financial burden on the U.S. Postal Service (USPS) by eliminating a requirement that it fund retirement benefits decades ahead of time.

The USPS Fairness Act would do away with a 2006 law that mandated the USPS to form a $72 billion fund to pay for retirement health benefits for over 50 years, a requirement that is not imposed on any other federal agency.

The legislation was introduced in the House by Reps. Peter DeFazio (D-Ore.), Tom Reed (R-N.Y.), Carolyn Maloney (D-N.Y.), Brian Fitzpatrick (R-Pa.) and Colin Allred (D-Texas) and in the Senate by Sens. Steve Daines (R-Mont.) and Brian Schatz (D-Hawaii).

"The unreasonable prefunding mandate has threatened the survival of the USPS and placed at risk vital services for the millions who rely on it. The prefunding mandate policy is based on the absurd notion of paying for the retirement funds of people who do not yet, and may not ever, work for the Postal Service," DeFazio said in a statement.

Read more: https://www.msn.com/en-us/news/politics/bipartisan-group-of-lawmakers-proposes-bill-to-lift-rule-putting-major-financial-burden-on-usps/ar-BB1dkAUx?li=BBnbfcQ

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well that's good news. look joe manchin its bipartisan ok? nt msongs Feb 2021 #1
Why can't I rec this more than once? I keep clicking and it just keeps flamin lib Feb 2021 #2
You can only Rec once. SharonClark Feb 2021 #12
Otherwise, SCantiGOP Feb 2021 #17
The Ajit Pai method pecosbob Feb 2021 #44
I think Flamin Lib was joking PatSeg Feb 2021 #72
That's why you see people commenting things likw "+ 1000" soldierant Feb 2021 #48
I know! This deserves lots of recs!!! PatSeg Feb 2021 #71
This is a big deal. hay rick Feb 2021 #3
And it only took 15 FUCKING YEARS? Enterstageleft Feb 2021 #4
Not only that drmeow Feb 2021 #10
YEP! Rebl2 Feb 2021 #13
Yep. They wanted to piratize - er - "privatize" it calimary Feb 2021 #52
I think drmeow Feb 2021 #62
That the burden went exclusively onto the USPS was grossly unfair. jaxexpat Feb 2021 #57
Very interesting perspective drmeow Feb 2021 #61
That Sen Warren might be interested in my idea would certainly be a boon to my ego. jaxexpat Feb 2021 #63
Yeah PatSeg Feb 2021 #73
Under W Bush... Duppers Feb 2021 #33
Yes, it is ABOUT G D TIME. soldierant Feb 2021 #49
This is what good governance looks like. denbot Feb 2021 #5
this law was only meant to bankrupt USPS and they still survived anyway....... Takket Feb 2021 #6
FINALLY!!! paleotn Feb 2021 #7
Rates Rollback???? bucolic_frolic Feb 2021 #8
Please don't hate the USPS. They are a well run and very efficient organization. EarnestPutz Feb 2021 #24
The USPS was a great service mdbl Feb 2021 #29
The USPS still managed to do a good job getting ballots both to the voters..... EarnestPutz Feb 2021 #41
That said, deJoy has got to go. Wonder why he isn't gone already. EarnestPutz Feb 2021 #43
Because only the Board of Governors can fire him soldierant Feb 2021 #50
There were 3 vacancies on the board before the end of last year BumRushDaShow Feb 2021 #79
The price of stamps was set by the Board of Governors summer_in_TX Feb 2021 #45
This rule was always malevolent in purpose. madaboutharry Feb 2021 #9
Wow! This is great news! I hope this bipartisan bill becomes law. CottonBear Feb 2021 #11
Exactly. Toss DeJoy out on his ass, and the Board with him. nt Hekate Feb 2021 #21
DeJoy should have been gone on DAY ONE of the Biden admin. BComplex Feb 2021 #58
Amazon Prime and UPS drive around my neighborhood in new trucks, Postal workers drive 20 to 30 year tclambert Feb 2021 #14
USPS trucks in my neighborhood are brand SharonClark Feb 2021 #15
Must only be in certain places. Turin_C3PO Feb 2021 #53
its about time, this should have been done the last time we had control of the 3 branches. nt yaesu Feb 2021 #16
Never forget, it was people sitting on their butts instead of voting in the midterms that did us in Hekate Feb 2021 #22
Horrible ambiguous headline writing. NurseJackie Feb 2021 #18
My thoughts as well. TryLogic Feb 2021 #39
And get rid of DeJoy ASAP. dalton99a Feb 2021 #19
Yup, next action item:remove Dejoy & throw him in Dejail onetexan Feb 2021 #23
Hey! Moscow Mitch! look at what the senate can do! mysteryowl Feb 2021 #20
This is amazing! Johnny2X2X Feb 2021 #25
Great news! nt iluvtennis Feb 2021 #26
Well...this is my next call to both US Senators and my Representative. PatrickforO Feb 2021 #27
Restoring the Post Office to it's previous level of efficiency may take more time and resources mdbl Feb 2021 #28
Finally! Dem2theMax Feb 2021 #30
Hallelujah! nt SunSeeker Feb 2021 #31
👍👍👍 ailsagirl Feb 2021 #32
The 2006 law was nefarious: it was an effort to accumulate a mega fund for Ilsa Feb 2021 #34
about damned time they did this... cntrfthrs Feb 2021 #35
Great news and about time. yonder Feb 2021 #36
The Post Office does not get tax money. They pay billions into the Federal Treasury each year. Midnight Writer Feb 2021 #37
Finally the GOP plan to privatize the US mail by driving the USPS into bankruptcy is being taken Nitram Feb 2021 #38
It's good we're taking it seriously, but it was bi-partisan back then as well ... mr_lebowski Feb 2021 #47
There must have been a better way too guarantee benefits for USPS workers than bankrupting the Nitram Feb 2021 #64
You are right, and the future of the USPS is not rosy Steelrolled Feb 2021 #65
Excellent! Cha Feb 2021 #40
FINALLY, some sanity on this subject. TigressDem Feb 2021 #42
Great Cetacea Feb 2021 #46
Now, if they could get fairly compensated from their customers... VarryOn Feb 2021 #51
Great news. Magoo48 Feb 2021 #54
About friggin time! This would change the whole picture... liberalla Feb 2021 #55
Stamps were a nickel when I was a kid twodogsbarking Feb 2021 #56
Finally!!! 58Sunliner Feb 2021 #59
Ask Susan Collins how she will vote on it. She was a Big part of writing and passing it in 2006. flying_wahini Feb 2021 #60
Good! ananda Feb 2021 #66
Good idea. Will express my support to my representatives question everything Feb 2021 #67
Hurrah! This was a RW plot to put the USPS out of business so it could be privatized. Fla Dem Feb 2021 #68
"unreasonable" is not the word to describe that mandate. BobTheSubgenius Feb 2021 #69
We sink 3/4-trillion dollars into the military each year SpankMe Feb 2021 #70
Stop making sense! bagimin Feb 2021 #74
K&R Blue Owl Feb 2021 #75
Ben Franklin would approve. Joinfortmill Feb 2021 #76
I was so mad when they imposed this. Hope this goes through! electric_blue68 Feb 2021 #77
IIRC the bill also allows USPS to become a bank and to go electric with their vehicles. OMGWTF Feb 2021 #78
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