II
112
TH
CONGRESS1
ST
S
ESSION
S. 1010
To amend the provisions of title 5, United States Code, relating to themethodology for calculating the amount of any Postal surplus or supple-mental liability under the Civil Service Retirement System, and for otherpurposes.
IN THE SENATE OF THE UNITED STATES
M
AY
17, 2011Mr. C
ARPER
introduced the following bill; which was read twice and referredto the Committee on Homeland Security and Governmental Affairs
A BILL
To amend the provisions of title 5, United States Code,relating to the methodology for calculating the amountof any Postal surplus or supplemental liability underthe Civil Service Retirement System, and for other pur-poses.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Postal Operations
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Sustainment and Transformation Act of 2011’’.
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•
S 1010 IS
TITLE I—ANNUITY AND RETIREE
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HEALTH OBLIGATIONS
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SEC. 101. TRANSFER OF AMOUNTS FROM THE CIVIL SERV-
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ICE RETIREMENT AND DISABILITY FUND.
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Section 8348(h) of title 5, United States Code, is
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amended—
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(1) in paragraph (2), by striking subparagraphs
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(B) and (C) and inserting the following:
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‘‘(B)(i) The Office shall—
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‘‘(I) redetermine the Postal surplus or
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supplemental liability as of the close of
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each of fiscal years 2010 through 2043, as
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if this subsection (as amended by the Post-
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al Operations Sustainment and Trans-
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formation Act of 2011) had been in effect
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since July 1, 1971; and
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‘‘(II) report the results of the redeter-
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mination for each such fiscal year, includ-
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ing appropriate supporting analyses and
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documentation, to the United States Postal
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Service on or before June 30 of the subse-
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quent fiscal year.
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‘‘(ii) If the result of a redetermination
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under clause (i) for a fiscal year is a surplus,
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S 1010 IS
that amount shall remain in the Fund until dis-
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tribution is authorized under subparagraph (C).
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‘‘(iii) Beginning June 15, 2017, if the re-
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sult of a redetermination under clause (i) is a
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supplemental liability, the Office shall establish
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an amortization schedule, including a series of
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annual installments commencing on September
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30 of the subsequent fiscal year, that provides
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for the liquidation of such liability by Sep-
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tember 30, 2043.
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‘‘(C)(i) If the result of a redetermination
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under subparagraph (B) for fiscal year 2010,
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2011, 2012, 2013, 2014, 2015, or 2016 is a
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surplus, that amount, or any part of that
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amount, may be transferred to the Postal Serv-
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ice Retiree Health Benefits Fund.
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‘‘(ii) If the result of a redetermination
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under subparagraph (B) for any of fiscal years
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2017 through 2043 is a surplus, that amount,
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or any part of that amount, may be transferred
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to—
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‘‘(I) the Postal Service Retiree Health
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Benefits Fund to pay any liability to the
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United States Postal Service Retiree
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Health Benefits Fund; or
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POST Act Bill Text
This is the full text of my bill to reform the Postal Service, the POST Act of 2011.
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