Skip to main content
HR 3174 112th Congress House Government Operations and Politics Government employee pay, benefits, personnel management Government trust funds Postal service Rural conditions and development U.S. Postal Service

United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011

Introduced: October 12, 2011 Introduced by: Thompson, Bennie G. Democratic · Mississippi See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 2, 2011
Referred to the Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy .
Oct 12, 2011
Referred to the House Committee on Oversight and Government Reform.
Oct 12, 2011
Introduced in House
 Plain-English summary Congressional Research Service

United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011 - Prescribes the "average pay" to be used in determining annuities for civilian employment with the United States Postal Service (USPS) for purposes of provisions relating to future benefits attributable to such employment in order to calculate the amount of any USPS surplus or supplemental liability under the Civil Service Retirement System (CSRS).

Requires the Office of Personnel Management (OPM): (1) within six months after enactment of this Act, to determine (or, if applicable, redetermine) the amount of such surplus or liability as of the close of the most recently ending fiscal year using the methodology required under this Act; and (2) if the result is a surplus, to transfer the surplus amount to the Postal Service Retiree Health Benefits Fund within 15 days after the determination of a surplus.

Provides for an alternate determination of a USPS surplus or supplemental liability for FY2016-FY2020.

Requires transfer of certain surplus postal retirement contributions in FY2011 to the Postal Service Retiree Health Benefits Fund or the Employees' Compensation Fund under the Federal Employees' Compensation Act.

Prohibits USPS from closing any post office which is located more than 10 miles from any other post office.

Expresses the intent of Congress that this Act shall apply to allocations of past, present, and future benefit liabilities between the USPS and the Treasury.

What's happening now November 2, 2011

Referred to the Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy .

 Committees of jurisdiction 2