WASHINGTON, D.C. – The United States Postal Service lost nearly $4 billion in 2018. But a new plan from U.S. Rep. Tom Reed would help to curb those losses. However, it’s unclear if the Postal Service is on-board with the idea.

Reed’s plan would end the pre-funding mandate for retiree and other personnel costs, a driving factor for the Postal Service financial troubles.

In all, USPS was $3.9 billion in the red during fiscal year 2018, according to their annual report. That has caused about 90 percent of those losses since 2007, Reed’s office said.

The Postal Service is the only federal agency required to pre-fund decades worth of health benefits for its future retirees. It’s a designation Reed and the bill’s Democratic co-sponsors call unfair. All of this comes as the Postal Service saw a boost in revenue in 2018, according to their annual fiscal report. More at Erie News Now