H.R. 1351 (112th): United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011

Introduced:
Apr 04, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
See Instead:

H.R. 3174 (same title)
Referred to Committee — Oct 12, 2011

S. 1649 (same title)
Referred to Committee — Oct 04, 2011

Sponsor
Stephen Lynch
Representative for Massachusetts's 9th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Apr 04, 2011
Length
7 pages
Related Bills
H.R. 3174 (Related)
United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011

Referred to Committee
Last Action: Oct 12, 2011

S. 1649 (Related)
United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011

Referred to Committee
Last Action: Oct 04, 2011

 
Status

This bill was introduced on April 4, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 04, 2011
Referred to Committee Apr 04, 2011
 
Full Title

To amend the provisions of title 5, United States Code, relating to the methodology for calculating the amount of any Postal surplus or supplemental liability under the Civil Service Retirement System, and for other purposes.

Summary

No summaries available.

Cosponsors
230 cosponsors (197D, 33R) (show)
Committees

House Oversight and Government Reform

Federal Workforce, U.S. Postal Service, and the Census

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


4/4/2011--Introduced.
United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011 - Prescribes the "average pay" and the appropriate percentage thereof to be used in determining annuities for civilian employment with the United States Postal Service (USPS) for purposes of provisions relating to future benefits attributable to such employment in order to calculate the amount of any USPS surplus or supplemental liability under the Civil Service Retirement System.
Requires the Office of Personnel Management (OPM): (1) within six months after enactment of this Act, to determine (or, if applicable, redetermine) the amount of such surplus or liability as of the close of the most recently ending fiscal year using the methodology required under this Act; and (2) if the result is a surplus, to transfer the surplus amount to the Postal Service Retiree Health Benefits Fund within 15 days after the determination of a surplus.
Provides for an alternate determination of an USPS surplus or supplemental liability for FY2016-FY2020.
Requires transfer of certain surplus postal retirement contributions in FY2011 to the Postal Service Retiree Health Benefits Fund or the Employees' Compensation Fund under the Federal Employees' Compensation Act (FECA).
Expresses the intent of Congress that this Act shall apply to allocations of past, present, and future benefit liabilities between the USPS and the Treasury.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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