The NPMHU applauds Chairman Jason Chaffetz (R-UT) and Ranking Member Elijah Cummings (D-MD) of the House Oversight and Government Reform Committee, which on July 12, 2016 passed the Postal Service Reform Act of 2016 (H.R. 5714) by a voice vote.
“The NPMHU appreciates the hard work done by both parties in moving forward this bi-partisan piece of legislation, but changes still are needed for the NPMHU to support this bill,” said National President Paul Hogrogian.
There are several positive items included in the Postal Service Reform Act, including relief from the unjustified obligations for the Retiree Health Benefits Fund, integration of postal retirees into Medicare, and restoration, in part, of the exigent rate increase. The biggest drawback in the passed bill are unnecessary and detrimental changes to both residential and business door delivery.
The NPMHU, other postal unions, the Postal Service, and various mailers who have formed a coalition to encourage the enactment of postal reform in this Congress will continue to work together to make changes in the bill that are needed so the NPMHU and its allies can fully support this vital legislation.
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In related news, the Postal Service Financial Improvement Act of 2016 (H.R. 5707), cosponsored by Representatives David McKinley (R-WV) and Stephen Lynch (D-MA), also passed the House Committee. If enacted, this bill would create a Postal Service Retiree Health Benefits Fund Investment Committee and permit the Secretary of the Treasury to invest a portion of the Fund in index funds, among other investments. The NPMHU strongly supports these investment options, which would allow the USPS to obtain better returns on the investment of these assets. Currently, the Fund contains more than $50 billion, but investments are limited to low-interest notes and bonds issued by the Federal Government.
source: National Postal Mail Handlers Union ( NPMHU)
Remember, the DUCK is quacking, while walking, now what you think this is? Its about taking money for Slush-Hush funds for Congress and their Cohorts. Yes, I said it and Darn tired of lame brained employees thinking Management loves them.
Because. They want you in the union Heath care plans after your rates go sky high ,two years after this bill passes.
Because that want you to switch to the union Heath care plans.
The news that the U.S.P.S. sees an advantage to being relieved of retirees health benefits by enrolling us on Medicare and at the same time exploring the possibility of speculative investments in index funds in the financial markets seems just about right from an organization that is severely out of touch with reality. If you have dug yourself into a hole stop digging! The analogy that comes to mind is taking the rent and food money and going to the track to play the horses. You just know you’ll get it right this time,only to lose it all and go home hungry to find your furniture on the street! Let’s start with pay cuts at the top,from managers that sit in offices and collect bonuses for running this organization into the ground.