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[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1507 Reported in Senate (RS)]

                                                       Calendar No. 424
111th CONGRESS
  2d Session
                                S. 1507

                          [Report No. 111-203]

 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 (for himself, Mr. Lieberman, and Mr. Inouye) introduced the 
 following bill; which was read twice and referred to the Committee on 
               Homeland Security and Governmental Affairs

                              June 9, 2010

               Reported by Mr. Lieberman, with amendments
  [Omit the part struck through and insert the part printed in italic]

_______________________________________________________________________

                                 A BILL

 
 To amend chapter 89 of title 5, United States Code, to reform Postal 
    Service retiree health benefits funding, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Postal Service Retiree Health 
Benefits Funding Reform Act of 2009''.

SEC. 2. GOVERNMENT CONTRIBUTIONS.

    Section 8906(g)(2)(A) of title 5, United States Code, is amended by 
striking ``shall through September 30, 2016, be paid by the United 
States Postal Service, and thereafter''.

SEC. 3. POSTAL SERVICE RETIREE HEALTH BENEFITS FUND.

    Section 8909a of title 5, United States Code, is amended--
            (1) in the section heading, by striking ``Benefit'' and 
        inserting ``Benefits''; and
            (2) in subsection (d)--
                    (A) in paragraph (2)(B)--
                            (i) by striking ``2017'' and inserting 
                        ``2020''; and
                            (ii) by striking ``2056'' and inserting 
                        ``2059'';
                    (B) in paragraph (3)--
                            (i) by striking the matter preceding 
                        subparagraph (B) and inserting the following:
            ``(3)(A) The United States Postal Service shall pay into 
        such Fund--
                    ``(i) $5,400,000,000, not later than September 30, 
                2007;
                    ``(ii) $5,600,000,000, not later than September 30, 
                2008;
                    ``(iii) $1,700,000,000, not later than September 
                30, 2009;
                    ``(iv) $1,700,000,000, not later than September 30, 
                2010;
                    ``(v) $3,100,000,000, not later than September 30, 
                2011;
                    ``(vi) $3,900,000,000, not later than September 30, 
                2012;
                    ``(vii) $4,100,000,000, not later than September 
                30, 2013;
                    ``(viii) $4,300,000,000, not later than September 
                30, 2014;
                    ``(ix) $4,500,000,000, not later than September 30, 
                2015;
                    ``(x) $4,700,000,000, not later than September 30, 
                2016;
                    ``(xi) $4,900,000,000, not later than September 30, 
                2017;
                    ``(xii) $5,100,000,000, not later than September 
                30, 2018; and
                    ``(xiii) $5,300,000,000, not later than September 
                30, 2019.'';
                            (ii) by redesignating subparagraph (B) as 
                        subparagraph (C), and inserting after 
                        subparagraph (A) the following:
                    ``(B) Not later than September 30, 2009, and by 
                September 30 of each succeeding year through 2019, the 
                United States Postal Service shall pay into such Fund 
                the net present value computed under paragraph (1).''; 
                and
                            (iii) in subparagraph (C) (as redesignated 
                        in this subparagraph), by striking ``2017'' and 
                        inserting ``2020''; and
                    (C) in paragraph 4, by striking ``financial 
                reporting under subchapter II of chapter 35 of title 
                31'' and inserting ``valuations under chapter 84''.

SEC. 4. TEMPORARY INCREASE TO POSTAL SERVICE BORROWING LIMITATIONS.

    (a) In General.--For fiscal years 2009 and 2010, section 2005(a) of 
title 39, United States Code, shall be applied by substituting 
``$5,000,000,000'' for the limitation specified in paragraph (1).
<DELETED>    (b) Maximum Amount Limitation and Repayment.--Any amount 
borrowed under the increase in borrowing authority provided under 
subsection (a) of this section--</DELETED>
        <DELETED>    (1) shall not apply to the maximum amount 
        allowable under section 2005(a)(2) of title 39, United States 
        Code; and</DELETED>
        <DELETED>    (2) shall be repaid by the Postal Service to the 
        United States Treasury by not later than the end of fiscal year 
        2019.</DELETED>
    (b) Repayment and Limitation on Outstanding Debt.--Any amount 
borrowed under the increase in borrowing authority provided under 
subsection (a) of this section shall be repaid by the Postal Service to 
the United States Treasury by not later than the end of fiscal year 
2019. The Postal Service's total outstanding debt may not exceed the 
maximum amount allowable under section 2005(a)(2) of title 39, United 
States Code.

SEC. 5. CONSIDERATION OF POSTAL SERVICE FINANCIAL CONDITION.

    Section 1207(c)(2) of title 39, United states Code, is amended by 
inserting ``The arbitration board shall consider the financial 
condition of the Postal Service in making any decision.'' after the 
first sentence.

SEC. 6. ASSESSMENT OF FUTURE BUSINESS MODEL OF THE POSTAL SERVICE.

    Section 710(a) of the Postal Accountability and Enhancement Act 
(Public Law 109-435; 120 Stat. 3247) is amended by striking the first 
and second sentences and inserting ``The Comptroller General of the 
United States shall prepare and submit to the President and Congress a 
report that evaluates the options and strategies for the long-term 
structural and operational reforms of the United States Postal Service 
necessary to achieve financial stability and long-term fiscal 
viability. The final report required by this section shall be submitted 
by March 31, 2010.''.

SEC. 7. PROHIBITION ON BONUSES.

    Section 3686 of title 39, United states Code, is amended--
            (1) by redesignating subsection (e) as subsection (f); and
            (2) by inserting after subsection (d) the following:
    ``(e) Prohibition on Bonuses.--Notwithstanding any provision of 
this section, including subsection (c), any bonus under this section--
            ``(1) subject to paragraph (2), shall be paid on October 1 
        following the date such bonus would have otherwise been paid if 
        not for this subsection; and
            ``(2) shall not be paid if the Postal Service had a year-
        end net loss for the fiscal year preceding that October 1.''.

<DELETED>SEC. 5. EFFECTIVE DATE AND APPLICATION.</DELETED>

<DELETED>    (a) In General.--This Act, including the amendments made 
by this Act, shall be effective as of October 1, 2008.</DELETED>
<DELETED>    (b) Application to Fiscal Year 2009 Payments.--Any 
payments made by the Postal Service under section 8906(g)(2)(A) of 
title 5, United States Code, for which the Postal Service is not 
obligated to pay by reason of the amendment made by section 2 of this 
Act shall be credited against the payments due by September 30, 2009, 
under section 8909a(d)(3) of title 5, United States Code, as amended by 
this Act.</DELETED>

SEC. 8. EFFECTIVE DATES AND APPLICATION.

    (a) In General.--
            (1) Effective date.--Sections 2, 3, and 4, including the 
        amendments made by those sections, shall be effective as of 
        October 1, 2008.
            (2) Application to fiscal year 2009 payments.--Any payments 
        made by the Postal Service under section 8906(g)(2)(A) of title 
        5, United States Code, for which the Postal Service is not 
        obligated to pay by reason of the amendment made by section 2 
        of this Act shall be credited against the payments due by 
        September 30, 2009, under section 8909a(d)(3) of title 5, 
        United States Code, as amended by this Act.
    (b) Other Provisions.--The amendments made by sections 5, 6, and 7 
shall take effect on the date of enactment of this Act.
                                                       Calendar No. 424

111th CONGRESS

  2d Session

                                S. 1507

                          [Report No. 111-203]

_______________________________________________________________________

                                 A BILL

 To amend chapter 89 of title 5, United States Code, to reform Postal 
    Service retiree health benefits funding, and for other purposes.

_______________________________________________________________________

                              June 9, 2010

                        Reported with amendments
```