Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Carper bill allows USPS to recoup billions
Friday - 9/24/2010, 12:10pm EDT
Federal News Radio
A bill by Sen. Thomas Carper (D-Del.) aims to save the U.S. Postal Service from mounting debt.
A bad economy and the movement to electronic communications is putting USPS "in jeopardy," Carper said in a release.
The bill -- the Postal Operations Sustainment and Transformation (POST) Act of 2010 -- allows USPS to recoup billions of dollars overpaid to a retirement fund.
Under the legislation, USPS would be able to get $5 billion a year from the $50 billion of overpaid funds. The overpayments are projected to reach $230 billion in the next decade, according to the Washington Post.
The bill calls for the Office of Personnel Management to recalculate the amount USPS must pay each year into the retirement fund.
The POST Act addresses labor relations, requiring arbitrators to take USPS's financial health into consideration. Under current law, the Postal Service must pay its employees wages and benefits comparable to the private sector.
The proposed legislation also includes provisions to eliminate Saturday deliveries, shut down underused offices, open automated kiosks in grocery stores, and add non-postal services such as voter registration and driver's license renewal.