House Subcommittee Hearing Today March 25th On Postal Service Finances

March 25, 2009 by
Filed under: Congress, postal, postal finances, usps 

Subcommittee Holds Hearing to Address the Financial Stability of the U.S. Postal Service

The Subcommittee will discuss the short and long term strategies to reduce costs and improve efficiency.

WASHINGTON, D.C. – On Wednesday, March 25, 2009, at 10:00 a.m. in room 2154 of the Rayburn House Office Building, the Subcommittee on Federal Workforce, Postal Service and the District of Columbia will hold a hearing entitled, “Restoring the Financial Stability of the U.S. Postal Service: What Needs to be Done?”

The Subcommittee will examine how the nationwide economic downturn, coupled with technological trends, has produced declining volumes and revenues for the United States Postal Service.

“With the Postal Service facing budget shortfalls the Subcommittee will consider a number of options to restore financial stability, and examine ways for the Postal Service to continue to operate without cutting services,” Chairman Stephen F. Lynch said.

The Postal Service’s recent decision to close six of its 80 district offices, eliminate positions across the country and offer another early retirement opportunity makes the Subcommittee’s hearing very timely.

The hearing aims to generate effective short and long term strategies to reduce costs and improve efficiency at the Postal Service. In addition, the Subcommittee will question the Board of Governors on Postal executives’ compensation packages.

“Given the ongoing financial losses at the Postal Service, there has been a considerable backlash among postal customers and current and former employees regarding the Postal executives’ compensation packages, including that of Postmaster General Potter. Members of Congress have been hearing from our constituents and we intend to look into this matter at the hearing and ascertain how those pay levels were determined and how to bring them in line with the current reality,” added Chairman Lynch.

Witnesses’ testimonies, the Chairman’s opening statement and a 10 a.m. live broadcast of the hearing can be found on the Subcommittee’s website, federalworkforce.oversight.house.gov

From today’s House Hearing on the US Postal Service

        Chairman Lynch’s Statement (9 KB)

 

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No Comments on House Subcommittee Hearing Today March 25th On Postal Service Finances

  1. VT Redneck on Wed, 25th Mar 2009 5:10 am

    2. Why would OPM allow the PO to waste our time and money to offer what already did not work. PLEASE somebody pull your head out. Hell they not even smart enough to offer no penalty on age for CSRS. NO PENALTY + CASH !!! It worked in the 90′s hello it will work now.Please stop them from wasting our time and money.

  2. me on Wed, 25th Mar 2009 6:32 am

    3. they talk about retiree health care cost i retired with 32 years my health costs have gone up 5 times what i was paying while working!! peces level managers receive fully paid medical fully paid sick leave yepper!!! if they have 2,000 hours of sick they receive a check for the whole thing full annual leave no cap on al carryover year to year six figure pension. if you are riffing line supervisors and craft will be next 2010 2011 contracts are up!!! why are you not riffing the big wigs they are not taking early out!!!

  3. you on Thu, 26th Mar 2009 2:29 am

    4. can you say that in english now..

  4. anon on Thu, 26th Mar 2009 12:01 pm

    5. What is your Pension Benefit???

    John E. Potter
    USPS Pension Benefit
    $1,350,318

    John E. Potter
    CSRS Annuity
    30 Years
    $2,453,057

    H. Glen Walker
    FERS Annuity
    2 Years
    $ 60,702

    Patrick R. Donahoe
    CSRS Annuity
    33 Years
    $2,522,570

    Anthony J. Vegliante
    CSRS Annuity
    31 Years
    $2,171,701

    Mary Anne Gibbons
    FERS Annuity
    23 Years
    $ 815,758

  5. Smirk W. Chimp on Fri, 27th Mar 2009 12:08 am

    6. The state of the economy is strong. heh heh

  6. Jack Ass on Sat, 28th Mar 2009 5:38 pm

    7. Hey redneck, they did not waive the penalty in the early 90′s. They gave, I believe, 6 months pay in incentive. They cannot waive the csrs penalty without congressional actionl. Why do people like to make sh*t up on here.