Government affairs

Today, Rep. Jared Polis, (D-CO) and Rep. Phil Roe (R-TN) introduced the Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act (H.R.4610), which would which would allow for the electronic delivery of pension plan documents instead of paper.

Though the bill is designed to provide retirees with a variety of options on how they receive their notices, disclosures, and statements, it fails to consider the severe impact it would have on America’s most trusted government agency. The transfer from the tried-and-tested system of mailing information to retirees through the Postal Service, to one that pushes for an online system is simply untenable for the USPS.

At a time when Congress consistently chooses to ignore adopting comprehensive postal reform, which would allow the Postal Service to remain self-supporting while providing affordable, high-quality, and universal postal services to all Americans, they would instead take away a significant source of revenue for the USPS and force the agency into further financial challenges.

NALC urges NALC members to let their Representatives and Senators know that we oppose this legislation.