Postal Legislation Introduced in Congress

02/01/2017

The Postal Service Reform Act of 2017, HR 756 has been introduced in Congress. It seeks To restore the financial solvency and improve the governance of the United States Postal Service in order to ensure the efficient and affordable nationwide delivery of mail, and for other purposes.

Full Bill: https://oversight.house.gov/wp-content/uploads/2017/01/PSRA-for-Introduction-1.pdf

Summary: https://oversight.house.gov/wp-content/uploads/2017/01/Summary-of-PSRA-1.27.17-1.pdf

Notable changes from legislation introduced during the 114th Congress: https://oversight.house.gov/wp-content/uploads/2017/01/Summary-of-Changes-to-PSRA-1.24.17-1.pdf

Key items of note:

  • Allows the Postal Service to increase postal rates for market-dominant products by 2.15%, 1 cent, for a First-Class stamp
  • Establishes separately rated postal plans within the Federal Employees Health Benefits Program (FEHBP) beginning in January 2019.
  • Requires the Postal Service to make actuarially-based Retiree Health Benefit (RHB) prefunding payments to cover 100% of the cost of the Postal Service’s RHB liability within 40 years. • Addresses the prefunding schedule established in the Postal Accountability and Enhancement Act of 2006.
  • Contains Postal Service Pension Funding Reform
  • Establishes 5 Presidentially-appointed, Senate confirmed Postal Service Governor positions with 7-year terms. (There are 9 current Governor positions.)
  • Requires the incremental conversion to centralized delivery of business addresses identified by the Postal Service.