- Gives the Postmaster General access to money USPS has overpaid into one of its retirement funds to provide incentives to encourage 100,000 eligible employees to retire. This would help voluntarily “right-size” the workforce to take into account the steep decline in first class mail volume in recent years.
- Reduces the amount of money that USPS has to prefund for retiree health benefits by amortizing the costs over 40 years and calculating those costs more appropriately.
- Retains overnight delivery of first class mail, but limits it in some cases to shorter geographic distances.
- Prevents the Postal Service from going to five-day delivery for the next two years and requires it to exhaust all other cost-saving measures first.
- Requires USPS to set standards for retail service across the country, consider several alternative options before closing post offices, and provide for increased opportunity for public input.
- Allows the USPS to sell non-postal products and services in appropriate cases.
- Allows the USPS to ship beer, wine, and distilled spirits.
- Creates a Chief Innovation Officer to foster innovation at USPS.
- Reforms the Federal Employees Compensation Act, the federal workers’ compensation program.
- Expands the alternatives the USPS must consider before closing a post office and it establishes a Strategic Advisory Commission, charged with developing a new strategic blueprint for the Postal Service.
and now it will be up to the House of Representatives to determine if these factors loom large enough to mandate the organization endure the ongoing debt.
The Tray PML Way is the blog for Tray, experts in the printing, mailing, logistics and promotional products. You can learn more about our capabilities by visiting our website, as well as our Facebook and Twitter pages. For information about the company and its successes, visit www.traypml.com