Congress should enact comprehensive postal reform in lieu of providing any further bailout or pandemic-related assistance to the U.S. Postal Service. This should be done within the next 12 months. The Postal Service will have sufficient cash until then. Eliminating payments to the Retiree Health Benefits fund is not the cure-all for the Postal Service’s problems. These benefits should be pre-funded on a new actuarial schedule. It is also important to define a new mission – or Universal Service Obligation – for the Postal Service and determine the actual costs for the Postal Service’s products. Lexington Institute’s Paul Steidler has written an Op-Ed for FEDweek about these issues here.
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