As Don Cheney pointed out:
With all the other commotion going on, most eligible postal employees have overlooked this. I’m amazed anyone would retire right now without waiting to see what comes out of Congress by November 18th, the new deadline for USPS to make its $5.5 billion payment. The administration will not back USPS’ proposal to alter labor contract provisions that prohibit layoffs, however. Officials on Monday expressed support for continued use of buyouts and early retirement offers, which they said could be funded in part with the FERS refund. The administration also is taking a closer look at the agency’s request to withdraw from federal benefit programs, they said.
The measures already are drawing mixed reactions from Congress, which has several bills in play to bring the Postal Service back to fiscal health. House lawmakers earlier this month introduced legislation that would extend by 90 days the Postal Service’s deadline to make its retiree health fund contribution and are working on proposals that would allow USPS to offer retirement incentives and adjust its retiree benefits payment schedule, for example. Govexec.com
Don also highlighted recent statements by Senator Tom Carper and Congressman Carney:
Carper, Carney confident Postal Service will be saved
By Frank Gerace
September 30, 2011
Senator Carper and Congressman Carney are confident lawmakers can come up with a plan to save the Postal Service.
Carper tells WDEL News he and his colleagues will “go by the rules in determining which facilities to close.
Fellow Democrat Carney puts the blame for the agency’s current financial woes on the federal government.
Carper says one thing the Postal Service wants to do to cut costs is offer eligible workers early retirement, similar to what’s been done in the auto industry.
Hopefully postal workers will get another bite of the early retirement with incentives apple very soon.