The Senate Committee on Homeland Security and Governmental Affairs will begin its mark up on Nov. 9 of 21st Century Postal Reform Act (S. 1789).
The bill, introduced by Sens. Joseph I. Lieberman (I-CT), Susan Collins (R-ME), Thomas Carper (D-DE) and Scott Brown (R-MA) on Nov. 2, provides short-term financial relief to the USPS, but also would inflict long-term damage to the nation’s mail system.
The bill would return overpayments made to the Federal Employees Retirement System, but it would not return overpayments to the Civil Service Retirement System.
Although the bill does not include several of the most odious parts of a bill pending in the House (H.R. 2309), by failing to provide more substantial financial relief, it would force the USPS to dismantle its network and impose severe cuts in service to the American people.
From APWU – 11/07/11
If, you want me to retire offer me a years salary. Then you can hire three people for what you pay me. Thereby, creating jobs for the unemployed. Otherwise, I will stick around another four years, make over a 100,000 dollars in overtime, then take your 25,000 dollars and then retire.
Why would I take a paltry 25K, when I can easily make that in overtime.
i hope they pass it, but without 3 or 4 years added time, on top of the $25k, hardly anyone will retire. i certainly wont.