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UNI P&L ‘s US affiliate, the National Association of Letter Carriers (NALC) advise that Republican party representatives have introduced a comprehensive postal reform bill today in the House of Representatives. NALC says that sadly, it fails to address the central cause of the financial crisis facing the Postal Service—the destructive and unique mandate to massively pre-fund future retiree health benefits that accounts for 100 percent of the Postal Service's losses over the past four years. Instead, the bill proposes radical changes that would recklessly downsize the U.S. Postal Service in a way that would seriously damage the $1.3 trillion mailing industry and the entire U.S. economy.



"We are very disappointed in the Issa/Ross bill," NALC President Fredric V. Rolando said. "We hoped for a more common sense, practical and non-ideological approach to an institution that has historically engendered strong bipartisan support. Instead, we got a draconian downsizing plan and a misguided and unjustifiable attack on hard-working postal employees who provide the most affordable and highest quality mail service in the world."



Rather than taking sensible action to avert a financial crisis that would result from the failure of the Postal Service to make the next unaffordable $5.5 billion pre-funding payment for future retiree health benefits (due in September), the bill seeks to take advantage of the pending cash crisis to force a massive downsizing and to launch a frontal assault on the pay, benefits and collective bargaining rights of postal employees. Indeed, it fails to even mention the massive surpluses in the Postal Service pension accounts that two private, independent auditors have confirmed over the past two years—surpluses that can and should be used to resolve the financial crisis caused by the pre-funding mandate.



For more information go to; http://www.nalc.org/news/latest/2011-06-23_issa.html