APWU Web News Article 071-2010, July 22, 2010
Legislation to restore financial stability to the Postal Service cleared its first hurdle July 21 when the House postal oversight subcommittee approved H.R. 5746. The bill, which was introduced by Rep. Stephen Lynch (D-MA) on July 15, would alter the methodology for allocating the Postal Service’s share of pension costs for employees whose careers spanned the former Post Office Department and the USPS.
“This is an important first step,” said Myke Reid, APWU Legislative and Political Director, “but we still have a long way to go.” The bill must be considered by the full Oversight and Government Reform Committee before it can be voted on in the House. (Full Story)