Last week, the US Senate passed a sweeping bipartisan legislation that will reform the US Postal Service (USPS).
Senator Brian Schatz included a provision in the legislation that will provide USPS with financial relief that will ensure that mail services can continue uninterrupted.
According to its press release, the provision will remove the defaulted pre-funding payment from USPS’s financials.
“It would not alter the USPS’s future retiree health liabilities payments from the Retiree Health Benefit Fund (RHBF). USPS may continue to pay its contributions for retiree health benefit premiums from the RHBF until it is depleted,” the press release stated.
Moreover, the Postal Service Reform Act will provide Medicare Integration for USPS retirees.
Under the new legislation, the mail service will also provide a permanent six-day delivery service, enhanced service standards, and transparency to protect and improve USPS moving forward.
“Everyone relies on mail service. It’s how we connect with each other, vote, pay our bills, and get medication or other things we need in life… so it needs to work,” said Sen. Schatz.
“This is an easy fix that will dramatically improve USPS’s finances and ensure mail delivery can continue uninterrupted.”
The legislated is now heading to President Joe Biden to be signed into law.
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