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S. 1486, Postal Reform Act of 2014 1 (July 14, 2014)

handle is hein.congrec/cbo1821 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 14, 2014 S. 1486 Postal Reform Act of 2014 As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on February 6, 2014 SUMMARY S. 1486 would change the laws that govern the operation of the United States Postal Service (USPS). Major provisions of the bill would: * Extend a rate increase that would expire under current law; * Permit the Postal Service to reduce mail delivery from six days per week to five; * Authorize the Postal Service to phase out delivery of mail directly to customers' doors (for business addresses only); * Change the payments that the Postal Service is required to make relating to the Postal Service Retiree Health Benefits Fund (PSRHBF); * Direct the Postal Service to make payments to liquidate its liability for workers' compensation obligations; * Transfer $2.4 billion in surplus retirement contributions from the Civil Service Retirement and Disability Fund (CSRDF) to the Postal Service Fund; * Prohibit the Postal Service from closing mail processing facilities for two years; * Require the use of demographic data specific to Postal Service employees for the calculation of certain retirement benefits; * Establish a new health benefits program for Postal Service employees. annuitants, and their dependents; and * Reduce payments to most federal workers receiving benefits under the Federal Employees' Compensation Act (FECA) and modify the administration of that act.

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