Bipartisan Senate Plan Provides for Solvent USPS
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The bill would require USPS to use part of the refund to set up a buyout program, which aims to reduce staff by 100,000. The contentious $5.5 billion payment to fund future retiree health benefits would be reduced with a spread-out payment schedule.
Other provisions of the bill allow the Postmaster General to negotiate with the unions on an alternative health care system that would cost less. As for six-day delivery, that option would be revisited in two years; the USPS would petition the Postal Regulatory Commission, which would verify that the cuts and savings from these initiatives were not enough to ensure fiscal viability.
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