The 11 member Board has been managed entirely by Bush appointees and now has 5 vacancies. Also at least two of the existing Republican Board members’ terms are up at the end of 2014. 

 

Under the current Board, our constitutionally mandated Post Office has been picked apart. Soon there will be no choice but to use private for-profit alternatives. 

 

At the end of 2006, Congress passed the Postal Accountability and Enhancement Act. This bill, signed by George W. Bush, mandated that the Post Office fund 75 years of its Retiree Health Benefit Fund in an unheard of 10 years.  This costs the Post Office an extra $5 billion a year. Without this added poison pill, the Post Office would be making a profit.

 

The Postal Service has annual revenues of more than $65 billion and is an independent, commercially funded entity of the Federal Government. It is run entirely by stamp sales and receives no taxpayer funding. 

It has the largest workforce in the country after Walmart, but unlike Walmart, it's employees earn a living wage. 

Please ask the President to appoint Board members who want to move the Post Office into the 21st Century and not destroy it.

 

 

Section803 -

Transfers responsibility for paying the government's contribution of the health benefits of postal annuitants, effective in FY2017, from the Postal Service to the Postal Service Retiree Health Benefits Fund (established by this section) up to the amount contained in the Fund, with any remaining amount to be paid by the United States Postal Service.

Establishes in the Treasury the Postal Service Retiree Health Benefits Fund, to be administered by OPM. Requires the Postal Service, beginning in 2007, to compute the net present value of the future payments required and attributable to the service of Postal Service employees during the most recently ended fiscal year, along with a schedule if annual installments which provides for the liquidation of any liability or surplus by 2056.

Directs the Postal Service, for each year, to pay into the above Fund such net present value and the annual installment due under the amortization schedule.

Makes OPM actuarial computations subject to PRC review.

http://about.usps.com/who-we-are/leadership/board-governors-bios.htm#p=1