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Ending USPS Prepayment for Future Retirement Benefits

This act removes the requirement for the United States Postal Service (USPS) to prepay future retirement benefits. This change could help improve the financial stability of the Postal Service, indirectly affecting the quality and availability of postal services for citizens.
Key points
USPS will no longer be required to prepay for future employee retirement benefits.
The change aims to financially support the Postal Service, potentially leading to better postal services.
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Additional Information
Print number: 117_S_145
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2021-02-01