2022 Postal Service Reform Act: What You Need To Know
In this article, we discuss the Postal Service Reform Act and how this affects USPS' main purpose - to deliver the mail of each citizen within the United States!
April 21, 2022
In early April 2022, President Biden signed the Postal Service Reform Act of 2022 into law. This new law’s purpose is to help the United States Postal Service (USPS) continue to provide services to the United States citizens and remove restrictions mandated by previous legislation.
Two of the most impactful benefits of the 2022 Postal Service Reform Act addresses how retiree’s and their benefits are addressed. In 2006, Congress passed and president Bush signed into law the Postal Accountability and Enhancement Act. One of the significant aspects of this legislation was that the USPS was required to fund in advance the health and retirement benefits of all employees for 50 years - a significant obligatio that no other organization was held accountable for. As you can imagine, this obligation carried some heavy financial burden on the organization. The Postal Service Reform Act of 2022 provides some relief from this obligation. Another significant aspect is that future retirees will be moved to Medicare as their primary insurance when they turn 65, and the Federal Employees Health Benefits Program (FEHB) will serve as the supplemental insurance program.
Transparency & Oversight
Another key feature of the law is that the USPS is now required to maintain “a publicly available dashboard to track service performance and report regularly on its operations and financial conditions.” This portion of the legislation ensures that the post office is continuing to improve service and provide transparency for better oversight.
It’s important to keep in mind that the USPS doesn’t receive much in terms of taxpayer funding and is self-supporting through stamps, package deliveries, and mail services, though the USPS is mandated to serve all homes in the United States.
Efficient Communication Network
The postal service is one of the oldest federal agencies. To forge a nation, the founders needed an efficient communications network. With the changes in obligations and a potential for additional ways to increase their revenue instituted by the Postal Service Reform Act of 2022, the United States Postal Service can focus once again on their primary function; delivering the nation’s mail!
Compu-Mail has developed a strong partnership with the United States Postal Service to ensure that your business mailings are delivered in a timely and efficient manner to minimize your investment and maximize your opportunities. Contact us today to explore options to address the needs of your company.