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U.S. House panel approves $46 billion in financial relief to Postal Service

Published 05/13/2021, 11:14 AM
Updated 05/13/2021, 11:17 AM
© Reuters. FILE PHOTO: A 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

WASHINGTON (Reuters) - The U.S. House of Representatives Oversight and Reform Committee voted to provide the cash-strapped U.S. Postal Service (USPS) with at least $46 billion in financial relief over 10 years.

The legislation, which was approved by voice vote, would eliminate a requirement USPS pre-fund retiree health benefits for 75 years and would require postal employees to enroll in the Medicare government-retiree health plan. Instead USPS would pay a small yearly "top up" payment to address actual annual retiree costs.

Latest comments

time to get rid of this dinasour , I mean most everything can be done digitally now. private carriers can handle the rest.
No longer any benefit to maintaing the USPS, times have changed. The spending is entirely political.
"...voted to provide the cash-strapped U.S. Postal Service (USPS) with at least $46 billion in financial relief..." The money won't be available to the P.O. until June - they're sending the check by regular mail.
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