Beginning in fiscal year 2017, if OPM determines that the Postal Service has aFERS liability. OPM would develop an amortization schedule that would allow the Postal Service to pay down the liability with annual payments made over aperiod of 30 years. The Postal Service would be permitted to appeal any determinations made by OPM to the CSRS Board of Actuaries.
Section 103 – Calculating the Postal Service Retiree Health Benefits Fund Liability on Long-Term Funding Basis
This section lays out the actuarial assumptions OPM would use in calculatingthe Postal Service’s retiree health benefit obligations. These assumptions would be used to develop an amortization schedule of any liability it owes forthose obligations starting in fiscal year 2017, as required under current law.
Section 104 – Requiring OPM to Report the Funding Status Under Board of Actuaries
This section would require OPM to provide data to the Postal Service on any Postal Service retiree health obligations it identifies.
Section 201 – Postal Policy
This section deletes language in section 101(b) of title 39 that requires thePostal Service to provide “a maximum degree of” postal services in certaincommunities. It also removes a requirement in the same section that preventsthe Postal Service from closing a post office solely for operating at a deficit.The Postal Service believes that these changes are necessary so it can be freedto close post offices that are no longer needed or are not sustainable.
Section 202 – Specific Powers of the United States Postal Service
This section would amend section 404(d)(2) of title 39, which deals with thesteps the Postal Service must take before closing a post office. The amendment would require that the Postal Service give primary consideration to whether aproposed closing is consistent with eth Postal Service’s universal serviceobligations under section 101(b) of title 39.