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United States · Bill · S

S. 1507 (111th)

Postal Service Retiree Health Benefits Funding Reform Act of 2009

openUnited States· United States Congress· EN

Introduced

23 July 2009

Last action

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 424.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Postal Service Retiree Health Benefits Funding Reform Act of 2009 - Requires government contributions for health benefits for United States Postal Service annuitants to be paid first from the Postal Service Retiree Health Benefits Fund up to the amount contained in the Fund, with any remaining amount paid by the Postal Service. (Current law requires such contributions to be paid by the Postal Service through September 30, 2016.) Extends: (1) the deadline for computing required payments for liquidating any Fund liability or surplus; and (2) the target date for such liquidation. Modifies provisions governing required Postal Service payments into the Fund, including by requiring payments by September 30 of each year through 2019 of specified amounts and of 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. Increases the Postal Service's borrowing authority for FY2009 and FY2010. Requires any amount borrowed under that increased authority to be repaid by the Postal Service by the end of FY2019. Makes this Act retroactive to October 1, 2008.

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Documents

6 official files

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Sources

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