Would address a decades-old accounting error that led the Office
of Personnel Management (OPM) to overcharge the Postal
Service by billions of dollars for payments into the Civil Service Retirement System (CSRS)
The Lynch bill would transfer surplus CSRS and FERS assets
paid for by ratepayer and employee contributions—not taxpayer
funds—to the Postal Service’s retirement health fund, and it
would have absolutely no effect on any current or future federal
retiree’s annuity
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