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Senate Panel Passes Postal Service Deal

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The Homeland Security and Governmental Affairs Committee has passed a plan to help rescue the United States Postal Service, a plan that was introduced by a bipartisan group of lawmakers. With mail service down 20% over four years and losses over $20 billion, not to mention a $5.5 billion payment to its retiree health care fund due on the 18th (a payment it likely will not be able to make), something has to be done.

The biggest part of the plan involves buying out up to 100,000 employees by offering $25,000 cash buyouts or up to two years of service credits towards retirement. Beyond that, it talks about studying the end of Saturday delivery but makes it so that won’t come for at least two years. Finally, it would allow the postal service to tap into an overpayment of $6.9 billion into the Federal Employment Retirement System. It remains to be seen what will get passed by Congress but this is the first step in that process.

Also remember, the price of a first class stamp will increase starting January 22nd, 2012, making the current stamp price 45 cents.

{ 3 comments, please add your thoughts now! }

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3 Responses to “Senate Panel Passes Postal Service Deal”

  1. Anonymous says:

    also there should be lab top computers in every lobby of every big office that customers can be shown how to use clip and ship, then they won’t go and stand in line anymore and the carriers can pick the parcel up at the residence.They have spent alot of money on commercials on the flat rate parcels but a simple explanation of clip and ship on those commercials are needed,…

    • kowtymae says:

      On that note:

      Mail routes are evaluated every year. Carriers are followed and timed for every move they make, including residential pick ups. There is a base dollar amount credited to the route’s evaluated time for each of these residential pick ups not to mention the credit for dismounting the vehicle and scanning the package. Each of these actions take time and, if in following your suggestion, would result in increased mail delivery times. That check you were expecting? Well, since your carrier has to stop and retrieve packages from so many houses, you won’t be getting your mail delivered until after banking hours; oh well, there’s always Monday, right? This is not fair to those who wait by the curb for their Social Security check so they can afford to buy groceries. Click and Ship is great, but as you’re on your way to the office or shopping, drop your packages off at the post office yourself and do your part to help preserve your postal clerk’s job and the future of your local postal branch.

  2. billsnider says:

    I think they have to take many more steps since volumes will continue to decline as more people use the internet to pay bills.

    They have to reduce the number of days they deliver mail to gain greater volume per door delivery. This in turn will rfeduce the number of carriers.

    I don’t have to repeat the list of other ideas that have been discussed. Time has run out. Just do it.

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