Today local postal employees held a rally at the Mount Laurel office of Congressman Jon Runyan (R-NJ) to show their appreciation for his support of H.R. 1351, the United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011, which would help get the United States Postal Service (USPS) back on a sound fiscal path.
"I am humbled that this many letter carriers from the district would come out to rally at my district office," stated Rep. Runyan. "It is important to find a way to get the USPS back on track without sacrificing services. This is a system that was created during the second constitutional congress and is a part of the Constitution, specifically Article 1 Section 8. It is also important to note that the post office is funded solely by the sale of stamps and postage."
"As a result of a 2006 bill passed by Congress, the USPS was required to pre-fund 75 years of future retirees' healthcare benefits in only 10 years. This is costing the USPS more than $5 billion each year and accounts for all of the $20 billion in losses incurred in the past four years. HR 1351, of which I am co-sponsor, would allow the postal system to use over invested funds from their employees' pensions to meet their financial obligations and not take a federal bailout."
The United States Postal Office is one of the largest civilian employers in the United States, behind the federal government and Wal-Mart. Currently HR 1351 has bipartisan support of more than 200 members of Congress and is currently being considered by the House Committee on Oversight and Government Reform. This bill also has the support of many of the postal unions, including the National Association of Letter Carriers, the American Postal Workers Union, the National Postal Mail Handlers Union, the National Rural Letter Carriers' Association, and the National Association of Postal Supervisors.