Bill would repeal military pension cutsNews added by Benefits Pro on January 7, 2014
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By Paula Aven Gladych

House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., introduced legislation that would repeal reductions in military pensions made by the Bipartisan Budget Act of 2013 and allow the U.S. Postal Service to implement a modified six-day delivery schedule.

The military pension cuts were made to achieve $6.2 billion in savings over 10 years. This bill, if passed, would actually save the government more money, according to Issa.

“This legislation will restore cost-of-living adjustments for our military retirees and not only replace the savings but nearly triple them – saving $17 billion over 10 years, according to conservative USPS estimates,” said Issa. “This common sense reform will help restore the cash-strapped Postal Service to long-term solvency and is supported by the President and key Congressional leaders in both chambers.”

USPS is forced to deliver paper mail, like bills and advertisements, six days a week by an unfunded mandate included in annual appropriations legislation. If the mandate is lifted, the Postmaster General has announced that USPS would modify its current delivery schedule to deliver packages six days a week and paper mail five days a week. Express and priority mail delivery would not change and post offices would remain open on Saturdays.

Issa outlined the benefits of ending the unfunded mandate in a letter to House Appropriations Committee Chairman Hal Rogers, R-Ky, in December.

Originally published on BenefitsPro.com
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