Rep. Peter DeFazio Files Bill to Fix Postal Service Flaw Created by Congress
Rep. Peter DeFazio (D-Ore.) filed legislation to end the requirement that the U.S. Postal Service (USPS) pre-fund 75 years of retiree health care benefits. The requirement, passed by Congress in 2006, is unprecedented, as no other private or public entity has to meet such a standard. That requirement is the key factor driving Postal Service deficits and defaults and has led to proposals to end Saturday service, close rural post offices and lay off postal workers. Think Progress reports the USPS would have a $1.5 billion surplus if it wasn't for the pre-funding rule set by the Republican majority in Congress.
