HR 735 108th Congress House Government Operations and Politics Accounting Armed Forces and National Security Budget surpluses Capital investments Civil service retirement Congress Congressional investigations Congressional reporting requirements Cost control Economic forecasting Economics and Public Finance Executive compensation Federal employees Finance and Financial Sector Fringe benefits Government employees' health insurance Government liability Government paperwork Government spending reductions

Postal Civil Service Retirement System Funding Reform Act of 2003

Introduced: February 12, 2003 See on congress.gov

Everywhere this bill has been 7 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 8, 2003

Laid on the table. See S. 380 for further action.

Mar 27, 2003

Placed on the Union Calendar, Calendar No. 30.

Mar 27, 2003

Reported (Amended) by the Committee on Government Reform. H. Rept. 108-49.

Mar 6, 2003

Ordered to be Reported (Amended) by Voice Vote.

Mar 6, 2003

Committee Consideration and Mark-up Session Held.

Feb 12, 2003

Referred to the House Committee on Government Reform.

Feb 12, 2003

Introduced in House

Plain-English summary Congressional Research Service

Postal Civil Service Retirement System Funding Reform Act of 2003 - Amends Federal law to revise the statutory formula for funding benefits under the Civil Service Retirement System for U.S. Postal Service employees.

Mandates that savings accruing to the Postal Service and attributable to specified years: (1) be used to reduce the postal debt as the Secretary of the Treasury shall specify; and (2) be held in escrow until Congress acts following receipt of certain reports.

Expresses the sense of the Congress that: (1) the savings accruing to the Postal Service as a result of the enactment of this Act will be sufficient to allow the Postal Service to fulfill its commitment to hold postage rates unchanged until at least 2006; (2) because the Postal Service still faces substantial obligations related to postretirement health benefits for its current and former employees, some portion of those savings should be used to address the unfunded obligations; and (3) none of the savings should be used to pay bonuses to Postal Service executives.

Sets a deadline for submission of a mandatory Postal Service report detailing how future savings accruing to the Postal Service as a result of the enactment of this Act should be expended.

What's happening now April 8, 2003

Laid on the table. See S. 380 for further action.

Committees of jurisdiction 1