Pin It
Washington - Congressman Tom Reed announced Monday that he recently introduced bipartisan legislation, the USPS Fairness Act, to end what he calls an unfair pre-funding mandate for the United States Postal Service (USPS) and solve the most pressing financial problem facing the Postal Service with Reps. Peter DeFazio (OR-04), Brian Fitzpatrick (PA-01), and Xochitl Torres Small (NM-02).

"We care about the Postal Service's financial well-being and will continue to use our position in Washington to ensure hardworking postal carriers around the country have health benefits in retirement," Reed said. "However, this government mandate is unfair. We hope by resolving this issue the USPS will be able to focus on improving their service's for people without the worry of this long term financial burden hurting their bottom line."

USPS is the only federal agency required to pre-fund decades worth of health benefits for its future retirees. Since 2007, this unfair mandate is responsible for more than 90 percent of USPS's financial losses and 100 percent of losses over the past six years.

"USPS is the only entity which is mandated to prefund its retirees' health benefits," said Fitzpatrick. "This law has put the Postal Service in a horrible financial position which has prevented USPS from investing in services to benefit our community. I'm proud to join my colleagues to introduce this legislation which will allow the postal service to devote resources to critical services its employees deliver to our community."

Pin It