Issa Introduces Bill to Restore COLAs For Military Retirees While Doubling Savings
WASHINGTON – House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) announced the introduction of legislation to allow the U.S. Postal Service to implement a modified six-day delivery schedule and repeal reductions in military pensions made by the Bipartisan Budget Act of 2013. The military pension cuts were made to achieve $6.2 billion in savings over 10 years.
“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 Chairman 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 6 days a week and paper mail 5 days a week. Express and priority mail delivery would not change, and post offices would remain open on Saturdays.
Chairman Issa recently outlined the benefits of ending the unfunded mandate in a letter to House Appropriations Committee Chairman Hal Rogers (R-Ky.)
Full text of H.R. 3801, can be viewed here.