S.Amdt. 146

SA 146. Mr. CARPER submitted an amendment intended to be proposed by him to the bill H.R. 1, making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year ending September 30, 2009, and for other purposes; which was ordered to lie on the table; as follows:

At the end of division A, add the following:

TITLE XVII--POSTAL SERVICE RETIREE HEALTH BENEFITS

SEC. 1701. POSTAL SERVICE RETIREE HEALTH BENEFITS.

(a) In General.--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 shall 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 United States Postal Service.” and inserting “shall through September 30, 2008, be paid by the United States Postal Service, shall through September 30, 2010, be paid from the Postal Service Retiree Health Benefits Fund, shall through September 30, 2016, be paid by the United States Postal Service, and thereafter shall 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 United States Postal Service.”.

(b) Monthly Reporting to Postal Oversight Committees.--

(1) In general.--The United States Postal Service shall submit a monthly report summarizing its financial condition and outlook to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Government Reform of the House of Representatives. Each report under this subsection shall provide sufficiently detailed data and narrative information for the committees to understand the Postal Service's current and projected financial condition, including how its financial outlook and budget targets for the fiscal year has changed since the previous report, and the Postal Service's progress toward achieving its budget targets for the current fiscal year.

(2) Submission dates.--Monthly reports under this subsection shall be submitted within 30 days after the end of each month, for each fiscal year in which retiree health benefit premiums are paid by the Postal Service Retiree Health Benefits Fund.