In 2006, the Republican-led Congress passed the Postal Accountability & Enhancement Act, which required the Postal Service to set aside as much as $6.6 billion a year to pre-fund retiree health benefits for 50 or more years in advance. No other agency ever had such a burdensome requirement – and 2006 was the last year the Postal Service showed a profit. That mandate is now abolished.
Senate passes bill overhauling the US Postal Service
CNN, Mar 8 2022 10:20 PM ET
The Senate today passed sweeping bipartisan legislation to overhaul the US Postal Service's finances and allow the agency to modernize its operations. The final vote was 79-19. The bill now heads to President Joe Biden's desk for his signature. The Postal Service Reform Act – which cleared the House last month by 342-92 would require retired postal employees to enroll in Medicare when eligible, while dropping a previous mandate that forced the agency to cover its health care costs years in advance. Those two measures would save the USPS nearly $50 billion over the next decade, according to the House Oversight Committee. The legislation will also require the USPS to create an online dashboard with local and national delivery time data.
https://www.cnn.com/2022/03/08/polit...ill/index.html
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