PAEA

May 25th

USPS Reports Net Loss Of $1.6 Billion For Month Of April –YTD Retirement Pre-Funding Expense Reaches $7.1 Billion

The USPS reported a net loss of $1.6 ($1.592) billion for April 2012 according to preliminary (unaudited) data submitted to the Postal Regulatory Commission (PRC). USPS is attributing $1.017 billion of that amount to the Postal Service’s Retiree Health Benefit pre-funding expense.  USPS is also reporting a year-to-date fiscal year loss of $8.1 billion ($8.056). […]

Feb 28th

OPM IG Releases Study On USPS OIG’s Proposals to Change USPS Funding of Retiree Benefits

Press Release from the OPM Office Of Inspector General Study of the Risks and Consequences of the USPS OIG’s Proposals to Change USPS’s Funding of Retiree Benefits: Shifting Costs from USPS Ratepayers to Taxpayers’ Washington, DC – (Feb. 28, 2011) Today, the U.S. Office of Personnel Management (OPM), Office of the Inspector General (OPM OIG), […]

Feb 2nd

APWU Urges PRC To Make Repeal of Prefunding Mandate a Priority

Repealing a provision of the Postal Accountability and Enhancement Act is “so critical to the welfare of the Postal Service” that it should be the exclusive focus of a report to the president and Congress on the effectiveness of the law, the APWU wrote to the Postal Regulatory Commission on Feb. 1. The provision, which […]

Oct 1st

APWU: Rough Week for USPS Highlights Importance of Bill to Fix Finances

APWU News The Postal Service suffered two punishing blows this week: The Postal Regulatory Commission (PRC) rejected a request for a rate increase, and Congress refused to give the USPS relief from the requirement to pay $5.5 billion by Sept. 30 to pre-fund future retiree healthcare obligations. The Postal Service requested the rate increase under […]

Sep 2nd

NALC: Mailers And Senator Collins Misreading Congress’ Intent Of USPS Seeking Rate Increases

REPLY OF INTERVENOR NATIONAL ASSOCIATION OF LETTER CARRIERS, AFL-CIO TO COMMENTS OF AFFORDABLE MAIL ALLIANCE AND SENATOR COLLINS The AMA argues that the price-cap regulatory system established by the Postal Accountability and Enhancement Act (“PAEA”) will be “dead” if the Commission interprets the exigency clause in 39 U.S.C. §3622(d)(1)(E) to apply to the circumstances currently […]

Jul 26th

Sen. Susan Collins: USPS Proposed Exigent Rate Increases Are Not Justified Under Law

Senator Susan Collins issued the following press release: SENATOR COLLINS AGREES WITH ARGUMENTS IN MOTION TO BLOCK PROPOSED POSTAL RATE HIKES Collins Backs Position taken by the Affordable Mail Alliance WASHINGTON, D.C. – U.S. Senator Susan Collins, Ranking Member of the Senate Homeland Security and Governmental Affairs Committee and author of the landmark postal reform […]

Jul 22nd

Facts Don’t Lie: Chart Shows True Picture of Postal Service’s Financial Health

Burrus Update 12-2010, July 21, 2010 In a series of recent Updates for union members, I have pointed out that the Postal Service’s current financial difficulties are the result of the Postal Accountability and Enhancement Act of 2006 (PAEA), which imposed on the USPS the onerous burden of pre-funding future retiree healthcare liabilities — in […]

May 19th

Burrus: A Pig with Lipstick… Is Still a Pig

Burrus Update The supporters of the PAEA are directly responsible for the precarious financial status of the Postal Service, not reduced mail volume caused by the slumping economy, not the migration of hard-copy mail to computer-driven messages, not the escalation of energy costs. As president of the largest union of postal employees, my mission is […]

Apr 17th

OIG Report: Postal Execs Pay In Compliance With Postal Reform Act

This report presents the results of our audit of compensation paid or deferred to officers1 based on the limits established in the Postal Accountability and Enhancement Act of 2006 (Postal Act of 2006) and U.S. Postal Service policies and guidelines (Project Number 10BM001FT001). Initially we performed this work in fiscal year (FY) 2008, in response […]

Jan 5th

The Postal Accountability and Enhancement Act: Overview and Issues for Congress

Congressional Research Service Report Summary President George W. Bush signed the Postal Accountability and Enhancement Act (PAEA; P.L.109-435; 120 Stat. 3198) on December 20, 2006. The PAEA was the first broad revision of the 1970 statute that replaced the U.S. Post Office with the U.S. Postal Service (USPS), a selfsupporting,independent agency of the executive branch. […]