Without being political, what do you think about this? Will it help? Comment here.
According to Reuters and the Washington Post, the administration has submitted a plan designed to help put the Postal Service back on firm foot.
The plan went to the congressional “Joint Select Committee on Deficit Reduction.”
"Bold action is needed to ensure that USPS can continue to operate in the short run and achieve viability in the long run,” said President Obama in his message to the committee. “The Administration recognizes the enormous value of the Postal Service to the nation’s commerce and communications, as well as the urgent need to reform to ensure its future viability.”
The President’s plan includes the following provisions:
·Restructure the Retiree Health Benefit Fund’s pre-funding requirement to reduce USPS payments.
·Provide USPS over a two-year period a refund of the $6.9 billion in surplus funds it has contributed to the Federal Employee Retirement System.
·Reduce the Postal Service’s operating costs by granting authority to reduce mail delivery from six to five days per week.
·Allow USPS to offer non-postal products and increase collaboration with state and local governments.
·Give USPS the ability to better align the costs of postage with the costs of mail delivery.