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H.R. 2382 (116th): USPS Fairness Act

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The text of the bill below is as of Apr 29, 2019 (Introduced).

Summary of this bill

Only one federal agency is required to pre-fund their employees’ future retirement healthcare benefits, which costs taxpayers billions more upfront than at any other agency.

Context

At its current rate of financial loss, the U.S. Postal Service is slated to run out of money in 2024. The Trump Administration’s budget proposal warned that — absent any changes — the USPS might soon need a taxpayer funded bailout.

Why? There are several hundred federal agencies, but only one is mandated to pre-fund its employees future healthcare benefits: the Postal Service.

This wasn’t always the case. The mandate only began starting with the Postal Accountability and Enhancement Act of 2006. It ...

I

116th CONGRESS

1st Session

H. R. 2382

IN THE HOUSE OF REPRESENTATIVES

April 29, 2019

(for himself, Mr. Reed, Mr. Fitzpatrick, and Ms. Torres Small of New Mexico) introduced the following bill; which was referred to the Committee on Oversight and Reform

A BILL

To amend title 5, United States Code, to repeal the requirement that the United States Postal Service prepay future retirement benefits, and for other purposes.

1.

Short title

This Act may be cited as the USPS Fairness Act.

2.

Repeal of required prepayment of future Postal Service retirement benefits

Subsection (d) of section 8909a of title 5, United States Code, is repealed.