In 2006, the Republican-led Congress passed an unnecessary law requiring the United States Postal Service to prefund its pension benefits for 75 years through a $5.5 billion annual payment. The Postal Accountability and Enhancement Act of 2006 (PAEA) is the only one of its kind for a government agency. On August 1st of this year, the Post Office will likely default for the first time in its history on its 2011 pension payment. If Congress does not act, it will also default on its 2012 payment due September 30th.
This is an unnecessary requirement that will destroy the U.S. Postal Service. Please sign the petition to urge members of congress and our president to pass the Senate's Postal Reform Bill S-1789. It passed 62-37 in the senate this past April.