About 80% of USPS financial losses since 2007 are due to a Congressional mandate to prefund 75 years of future retiree health benefits over 10 years. In 2012 USPS lost a record $15.9 billion, but $11.1 billion of that loss went to prefund healthcare. This must change.
USPS shouldn’t move to 5-day delivery. This would only save 3%, risk further revenue losses, and slow mail delivery.
USPS needs to re-establish overnight delivery standards to ensure the timely delivery of mail and prevent the closure of mail plants.
USPS needs to generate more revenue by ending a 2006 ban prohibiting USPS from offering new products and services.
Does the Administration support HR 630 and S 316 to make these changes, save American jobs, and allow USPS to remain competitive?