II 

111TH CONGRESS 

1ST SESSION S. 1507 

To amend chapter 89 of title 5, United States Code, to reform Postal 

Service retiree health benefits funding, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 23, 2009 

Mr. CARPER introduced the following bill; which was read twice and referred 

to the Committee on Homeland Security and Governmental Affairs 

A BILL 

To amend chapter 89 of title 5, United States Code, to 

reform Postal Service retiree health benefits funding, 

and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Postal Service Retiree 

5 Health Benefits Funding Reform Act of 2009’’. 

6 SEC. 2. GOVERNMENT CONTRIBUTIONS. 

7 Section 8906(g)(2)(A) of title 5, United States Code, 

8 is amended by striking ‘‘shall through September 30, 

9 2016, be paid by the United States Postal Service, and 

10 thereafter’’. 


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1 SEC. 3. POSTAL SERVICE RETIREE HEALTH BENEFITS 

2 FUND. 

3 Section 8909a of title 5, United States Code, is 

4 amended— 

5 (1) in the section heading, by striking ‘‘Ben6 efit’’ and inserting ‘‘Benefits’’; and 

7 (2) in subsection (d)— 

8 (A) in paragraph (2)(B)— 

9 (i) by striking ‘‘2017’’ and inserting 

10 ‘‘2020’’; and 

11 (ii) by striking ‘‘2056’’ and inserting 

12 ‘‘2059’’; 

13 (B) in paragraph (3)— 

14 (i) by striking the matter preceding 

15 subparagraph (B) and inserting the fol16 lowing: 

17 ‘‘(3)(A) The United States Postal Service shall 

18 pay into such Fund— 

19 ‘‘(i) $5,400,000,000, not later than Sep20 tember 30, 2007; 

21 ‘‘(ii) $5,600,000,000, not later than Sep22 tember 30, 2008; 

23 ‘‘(iii) $1,700,000,000, not later than Sep24 tember 30, 2009; 

25 ‘‘(iv) $1,700,000,000, not later than Sep26 tember 30, 2010; 


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1 ‘‘(v) $3,100,000,000, not later than Sep2 tember 30, 2011; 

3 ‘‘(vi) $3,900,000,000, not later than Sep4 tember 30, 2012; 

5 ‘‘(vii) $4,100,000,000, not later than Sep6 tember 30, 2013; 

7 ‘‘(viii) $4,300,000,000, not later than Sep8 tember 30, 2014; 

9 ‘‘(ix) $4,500,000,000, not later than Sep10 tember 30, 2015; 

11 ‘‘(x) $4,700,000,000, not later than Sep12 tember 30, 2016; 

13 ‘‘(xi) $4,900,000,000, not later than Sep14 tember 30, 2017; 

15 ‘‘(xii) $5,100,000,000, not later than Sep16 tember 30, 2018; and 

17 ‘‘(xiii) $5,300,000,000, not later than Sep18 tember 30, 2019.’’; 

19 (ii) by redesignating subparagraph 

20 (B) as subparagraph (C), and inserting 

21 after subparagraph (A) the following: 

22 ‘‘(B) Not later than September 30, 2009, 

23 and by September 30 of each succeeding year 

24 through 2019, the United States Postal Service 


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1 shall pay into such Fund the net present value 

2 computed under paragraph (1).’’; and 

3 (iii) in subparagraph (C) (as redesig4 nated in this subparagraph), by striking 

5 ‘‘2017’’ and inserting ‘‘2020’’; and 

6 (C) in paragraph 4, by striking ‘‘financial 

7 reporting under subchapter II of chapter 35 of 

8 title 31’’ and inserting ‘‘valuations under chap9 ter 84’’. 

10 SEC. 4. TEMPORARY INCREASE TO POSTAL SERVICE BOR11 ROWING LIMITATIONS. 

12 (a) IN GENERAL.—For fiscal years 2009 and 2010, 

13 section 2005(a) of title 39, United States Code, shall be 

14 applied by substituting ‘‘$5,000,000,000’’ for the limita15 tion specified in paragraph (1). 

16 (b) MAXIMUM AMOUNT LIMITATION AND REPAY17 MENT.—Any amount borrowed under the increase in bor18 rowing authority provided under subsection (a) of this sec19 tion— 

20 (1) shall not apply to the maximum amount al21 lowable under section 2005(a)(2) of title 39, United 

22 States Code; and 

23 (2) shall be repaid by the Postal Service to the 

24 United States Treasury by not later than the end of 

25 fiscal year 2019. 


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1 SEC. 5. EFFECTIVE DATE AND APPLICATION. 

2 (a) IN GENERAL.—This Act, including the amend3 ments made by this Act, shall be effective as of October 

4 1, 2008. 

5 (b) APPLICATION TO FISCAL YEAR 2009 PAY6 MENTS.—Any payments made by the Postal Service under 

7 section 8906(g)(2)(A) of title 5, United States Code, for 

8 which the Postal Service is not obligated to pay by reason 

9 of the amendment made by section 2 of this Act shall be 

10 credited against the payments due by September 30, 2009, 

11 under section 8909a(d)(3) of title 5, United States Code, 

12 as amended by this Act. 

Æ 


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