Senator Tom Carper of Delaware has introduced new legislation seeking to mitigate many of the problems faced by the USPS®. On September 23rd, the Postal Operations Sustainment and Transformation (POST) Act of 2010 was introduced. The bill aims to address at least 4 key issues: retiree health benefit pre-funding, elimination of Saturday delivery, offering of non-traditional products and services, and wage and benefit calculations.
While this issue is complicated, any legislation to improve the long term stability of the USPS is notable. With a projected 2010 deficit of $7.8 billion something will need to change sooner rather than later.
