Congressional panel to take up U.S. Postal reform bill


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Congressional panel to take up U.S. Postal reform bill© Reuters. FILE PHOTO: The U.S. Postal Service (USPS) logo is pictured on a mail box in the Manhattan borough of New York City, New York, U.S., August 21, 2020. REUTERS/Carlo Allegri/File Photo

WASHINGTON (Reuters) – The U.S. House of Representatives Oversight and Reform Committee on Thursday will take up a pair of bills to reform the cash-strapped U.S. Postal Service, a document seen by Reuters shows.

Representative Carolyn Maloney, the Democrat who chairs the panel, earlier this year circulated draft legislation to address some key USPS financial issues, such as eliminating a requirement to pre-fund retiree health benefits and require postal employees to enroll in government-retiree health plan Medicare, for a saving of $ 40 billion to $ 50 billion over 10 years. The committee did not immediately release the text of the planned reform bills on Monday.

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Author: Reuters
This post originally appeared on Stock Market News


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