To appropriately limit the compensation of executives of the Postal Service.

SA 2066. Mr. CARPER submitted an amendment intended to be proposed by
him to the bill S. 1789, to improve, sustain, and transform the United
States Postal Service; which was ordered to lie on the table; as
follows:

At the appropriate place, insert the following:

SEC. ___. EXECUTIVE COMPENSATION.

(a) Limit on Maximum Compensation.--
(1) Number of executives.--Section 3686(c) of title 39,
United States Code, is amended in the first sentence by
striking ``12 officers'' and inserting ``6 officers''.
(2) Interim limitation.--
(A) In general.--Except as provided in subparagraph (B),
and notwithstanding section 3686(c) of title 39, United
States Code, as amended by this Act, for 2012, 2013, 2014,
and 2015, the total compensation of an officer or employee of
the Postal Service may not exceed the annual amount of basic
pay payable for level I of the Executive Schedule under
section 5312 of title 5.
(B) Performance based compensation relating to solvency
plan.--
(i) In general.--Any compensation relating to achieving the
goals established under the plan under section 401 shall not
apply toward the limit on compensation under subparagraph
(A).
(ii) Other limitations apply.--Nothing in this subparagraph
shall be construed to modify the limitation on compensation
under subsections (b) and (c) of section 3686 of title 39,
United States Code, as amended by this Act.
(b) Carry Over Compensation.--The Postal Service may not
pay compensation for service performed during a year (in this
subsection referred to as the ``base year'') in any
subsequent year if the total amount of compensation provided
relating to service during the base year would exceed the
amount specified under section 3686(c) of title 39, United
States Code, as amended by this Act, or subsection (a)(2), as
applicable.
(c) Benefits.--Section 1003 of title 39, United States
Code, is amended by adding at the end the following:
``(e) Limitations on Benefits.--For any fiscal year, an
officer or employee of the Postal Service who is in a
critical senior executive or equivalent position, as
designated under section 3686(c), may not receive fringe
benefits (within the meaning given that term under section
1005(f)) that are greater than the fringe benefits received
by supervisory and other managerial personnel who are not
subject to collective-bargaining agreements under chapter
12.''.
(d) Effective Date; Applicability.--This section and the
amendments made by this section shall--
(1) take effect on the date of enactment of this Act; and
(2) apply to any contract entered or modified by the Postal
Service on or after the date of enactment of this Act.

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