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HOUSE SUBCOMMITTEE APPROVES HR 22

LEGISLATION WOULD REALIGN USPS RETIREE HEALTH BENEFITS PAYMENTS

A House postal oversight subcommittee last week approved legislation that would permit the Postal Service to realign its payments for retiree health benefits for the next three years. The original legislation (HR 22), introduced by Reps. John McHugh (R-NY) and Danny Davis (D-IL), proposed eight years.

This would allow USPS to tap money from its Retiree Health Benefits Fund (RHBF) to pay its annual premiums for retiree health benefits. This would save the Postal Service $2 billion in FY 2009. The Postal Service on Sept. 30 would still be required to pay $5.4 billion to meet its annual prefunding obligation.

If the bill becomes law, USPS would be required once again to pay the cost of healthcare benefits for all retirees in FY 2012 and continue payments until 2016. At that point, the Postal Service’s portion of future retirees’ benefits would be paid from the RHBF. The fund currently has a balance of more than $32 billion.

The next stop for HR 22 is the full House Committee on Oversight and Government Reform, where it could be considered by the committee sometime following the July 4 recess.

HR 22 has 337 co-sponsors and represents the only pending legislation in Congress that has such widespread bipartisan support.

Legislation on this issue has not been introduced in the Senate.

 

 

NJSALC 2009 State Convention

Bally's Park Place

Atlantic City, NJ

May 31st thru June 2nd, 2009

2009 Congressional Breakfast
March 5,2009

 

 
The Garden State Letter Carrier
is now available for download in .pdf format
 

UPDATED:
Plan your schedule for 2009 / 2010 events see the:
 

 
Have you changed your address?   Make sure your union can stay in touch with you. Call or write the Membership Department if your address changes.  The NJ State Association  uses the mailing list from the Memberhip Department for the Garden State Letter Carrier .

 
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