Government affairs

Legislative Updates

Bill introduced to improve investments of the retiree health benefits fund

Today, Reps. Stephen Lynch (D-MA) and David McKinley (R-WV) reintroduced the Postal Service Financial Improvement Act of 2019 (H.R. 2553). This bill would strengthen the Postal Service’s finances by raising the long-term rate of return on the assets of the Postal Service Retiree Health Benefits Fund, or put another way, it would allow the Fund to be invested properly and wisely, rather than restricting it to low-yielding Treasury bonds.

H.R. 2553 is identical to previous versions that were introduced in past years including the bipartisan H.R. 760 from the 115th Congress, which was marked up and advanced out of committee, but failed to progress any further.

The legislation is part of a series of other bills that contain the building blocks for successful postal reform and NALC will be sure to keep letter carriers up to date on its progression.

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