Although the full report has not been released, is this really a surprise GAO Supports Issa-Ross Arguments on USPS Overpayment –
According to the Federal Eye
Washington Post – Transferring tens of billions of dollars in federal worker retirement accounts back to the U.S. Postal Service would not address its long-term debt problems and would force unfunded liabilities on to taxpayers, according to a new government report. The conclusions set for release Thursday by the Government Accountability Office run counter to the opinions of postal regulators, the postal inspector general and congressional Democrats, who say Congress should refund as much as $75 billion to the Postal Service for improperly overpaying federal retirement accounts since the 1970s. GAO concluded otherwise, writing in its report that “We have not found evidence of error of these types. Any attempt to refund money to USPS “would be a significant change from a policy” in place since the 1970s, it said. Returning money to the Postal Service for past and future retirement payments would cause as much as $85 billion in losses for taxpayers “which must then be paid by the federal government through tax revenue or borrowing,” GAO said. And any refund “would not be sufficient to repay all of USPS’s debt and address current and future operating deficits.”
In the Senate, Thomas Carper (D-Del.), a longtime proponent of postal reforms, appeared to agree with Issa, calling on lawmakers to table discussions of CSRS refunds and to focus instead on areas of agreement, including paying back the $6.9 billion from the FERS.