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Federal Employees News Digest : Aug 12, 2013
When you're ready to do something bigger When you're ready to advance your career You are ready for American Public University American Public University is ready to help you move your career forward. We offer respected degrees in Business Administration, Information Technology, Security Management, Management, Military Management and Program Acquisition, and more --- completely online. We're also able to provide our students with opportunities beyond the virtual classroom working with select Fortune 500 companies and government agencies. And people are taking notice. We've been nationally recognized by the Sloan Consortium for effective practices in online education. When you're ready, visit StudyatAPU.com/FEN We want you to make an informed decision about the university that's right for you. For more about the graduation rate and median debt of students who completed each program, as well as other important information---visit www.APUS.edu/disclosure. continued on page 8 August 12, 2013 Vol. 63, No. 4 5 Visit us on the Internet at www.FederalDaily.com continued from page 4 common-sense measures." "Why do they want to forbid citizens from transparently recording conversa- tions with federal regulators?" he asked in his statement. "You have to ask: Why do they want to keep paying out hefty bonuses to well-compensated executives in these times of fiscal stress and economic restraint? Why is it that the opposition leaders want to keep paying senior federal officials who are under investigation for serious ethical wrongdoing? Why do they want to use taxpayer dollars to do that? It just defies logic." See the bill at: http://docs.house.gov/bill- sthisweek/20130729/BILLS-113-HR2879ih. pdf. Postal bill targets fiscal woes Leaders of the Senate Homeland Security and Governmental Affairs Committee intro- duced postal reform legislation its sponsors say will lift the U.S. Postal Service out of the red, but which employee groups say will bring about the ruin of the organization. The bipartisan Postal Reform Act of 2013 (S. 1486), introduced this month by Committee Chairman Tom Carper (D-Del.) and Ranking Member Tom Coburn (R-Okla.), would address two longstand- ing issues that many lawmakers and postal unions alike have characterized as major causes of financial strain on the agency. First, the bill would require the Office of Personnel Management to use data that "more accurately reflects the amount of the Postal Service's projected liability" when calculating how much USPS must pay into the Federal Employees Retirement System and the Civil Service Retirement System. Those calculations would have to take into account differences between the postal and non-postal federal workforces---differences which some have said inflate the amount of the Postal Service's projected liability. "This reform is expected to reduce the amount the Postal Service pays into both FERS and CSRS and to result in a Postal Service FERS surplus," said a joint statement from the two senators. "The Postal Service would be permitted to request and receive up to $6 billion of any surplus, which could be spent to retire Postal Service debt and give it needed liquidity." Secondly, the legislation would eliminate the Postal Service's statutory retiree health pre-funding requirement and replace it with a “less aggressive 40-year amortization” of that liability. The requirement has been draining billions of dollars a year from USPS. "This provision, combined with lan- guage allowing premiums for current retir- ees to come out of the account containing health care funds that the Postal Service has already pre-funded, could reduce the Postal Service's total retiree health costs by roughly half," the statement noted. At the same time, the bill would also allow the Postal Service and postal unions to bargain over the creation of a new
Aug 5, 2013
Aug 19, 2013