Postal Civil Service Retirement System Funding Reform Act of 2003

3.0.0 380 2023-01-15T23:33:15Z 2023-01-15T23:33:15Z Senate S S 2003-02-12 108 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Reported by 2003-04-01T16:02:20Z Markup by 2003-03-05T23:26:30Z Referred to 2003-02-12T22:59:56Z S. Rept. 108-35 Postal Civil Service Retirement System Funding Reform Act of 2003 108 735 HR 2003-04-08 Laid on the table. See S. 380 for further action. 17:22:47 Related bill House 2003-04-23 Became Public Law No: 108-18. President E40000 2 House floor actions 2003-04-23 Became Public Law No: 108-18. BecameLaw 36000 9 Library of Congress 2003-04-23 Signed by President. President E30000 2 House floor actions 2003-04-23 Signed by President. BecameLaw 36000 9 Library of Congress 2003-04-11 Presented to President. Floor E20000 2 House floor actions 2003-04-11 Presented to President. President 28000 9 Library of Congress 2003-04-08 ssga00 Homeland Security and Governmental Affairs Committee Senate By Senator Collins from Committee on Governmental Affairs filed written report. Report No. 108-35. Floor 2003-04-08 By Senator Collins from Committee on Governmental Affairs filed written report. Report No. 108-35. Committee 14900 9 Library of Congress ssga00 Homeland Security and Governmental Affairs Committee 2003-04-08 17:22:47 A similar measure H.R. 735 was laid on the table without objection. Floor H38700 2 House floor actions 2003-04-08 17:22:30 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2003-04-08 17:22:29 On passage Passed by the Yeas and Nays: 424 - 0 (Roll no. 115). (text: CR H2902-2903) Floor H37100 2 House floor actions 115 https://clerk.house.gov/evs/2003/roll115.xml House 108 2003-04-08T21:22:29Z 1 2003-04-08 17:22:29 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 424 - 0 (Roll no. 115).(text: CR H2902-2903) Floor 8000 9 Library of Congress 115 https://clerk.house.gov/evs/2003/roll115.xml House 108 2003-04-08T21:22:29Z 1 2003-04-08 16:59:01 DEBATE - The House proceeded with ten minutes of debate on the Waxman amendment. Floor H8D000 2 House floor actions 2003-04-08 16:14:10 DEBATE - The House proceeded with one hour of debate on S. 380. Floor H8D000 2 House floor actions 2003-04-08 16:14:05 Considered by a previous order of the House. (consideration: CR H2901-2909) Floor H30000 2 House floor actions 2003-04-08 16:14:00 Consideration initiated by a previous order of the House. Floor H30800 2 House floor actions 2003-04-07 19:21:35 Mr. Linder asked unanimous consent That it be in order at anytime without intervention of any point of order to consider in the House, S. 380; that the bill be considered as read for amendment; that the previous question be considered as ordered on the bill to final passage without intervening motion except for 1) one hour of debate; 2) a specified amendment by Mr. Waxman which, if offered, shall be considered as read, debatable for ten minutes, shall not be subject to amendment or demand for division of the question; and 3) one motion to recommit with or without instructions; and that following passage of S. 380, H.R. 735 shall be laid upon the table. Agreed to without objection. (consideration: CR H2836) Floor H29800 2 House floor actions 2003-04-03 11:17:10 Held at the desk. Floor H15000 2 House floor actions 2003-04-03 10:01:42 Received in the House. Floor H14000 2 House floor actions 2003-04-03 Senate Message on Senate action sent to the House. Floor 2003-04-02 Senate Passed Senate with an amendment by Unanimous Consent. Floor 2003-04-02 Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2003-04-02 Senate The committee substitute as amended agreed to by Unanimous Consent. Floor 2003-04-02 Senate Measure laid before Senate by unanimous consent. (consideration: CR S4726-4729; text of measure as reported in Senate: CR S4726-4728) Floor 2003-04-01 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 58. Calendars 2003-04-01 ssga00 Homeland Security and Governmental Affairs Committee Senate Committee on Governmental Affairs. Reported by Senator Collins with an amendment in the nature of a substitute. Without written report. Committee 2003-04-01 Committee on Governmental Affairs. Reported by Senator Collins with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress ssga00 Homeland Security and Governmental Affairs Committee 2003-03-05 ssga00 Homeland Security and Governmental Affairs Committee Senate Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2003-02-12 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Governmental Affairs. (text of measure as introduced: CR S2364-2365) IntroReferral 2003-02-12 Sponsor introductory remarks on measure. (CR S2363-2364) IntroReferral B00100 9 Library of Congress 2003-02-12 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2003-02-12 True B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS 2003-02-12 True S000888 Sen. Stevens, Ted [R-AK] THEODORE STEVENS R AK F. 2003-02-26 False V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. 2003-03-03 False L000304 Sen. Lieberman, Joseph I. [D-CT] JOSEPH LIEBERMAN D CT I. 2003-03-03 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2003-03-03 False A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2003-03-03 False B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. 2003-03-03 False P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2003-03-04 False J000072 Sen. Jeffords, James M. [I-VT] JAMES JEFFORDS I VT MERRILL 2003-03-04 False S001078 Sen. Sununu, John E. [R-NH] John Sununu R NH E. 2003-03-04 False C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN 2003-03-04 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2003-03-05 False A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA 2003-03-11 False W000154 Sen. Warner, John [R-VA] JOHN WARNER R VA WILLIAM 2003-03-19 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2003-03-26 False B000444 Sen. Biden, Joseph R., Jr. [D-DE] JOSEPH BIDEN D DE ROBINETTE 2003-03-26 False T000024 Sen. Talent, Jim [R-MO] JIM TALENT R MO 2003-03-27 False H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2003-03-31 False H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE 2003-03-31 False B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY 2003-03-31 False S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2003-04-02 False S000064 Sen. Sarbanes, Paul S. [D-MD] PAUL SARBANES D MD SPYROS 2003-04-02 False 2003-03-19T06:00:00Z S. 380, Postal Civil Service Retirement System Funding Reform Act of 2003 http://www.cbo.gov/publication/14338 <p>Cost estimate for the bill as ordered reported by the Senate Committee on Governmental Affairs on March 5, 2003</p> 2003-03-19T06:00:00Z S. 380, Postal Civil Service Retirement System Funding Reform Act of 2003 https://www.cbo.gov/publication/14338 Cost estimate for the bill as ordered reported by the Senate Committee on Governmental Affairs on March 5, 2003 2003-04-17T04:00:00Z S. 380, Postal Civil Service Retirement System Funding Reform Act of 2003 http://www.cbo.gov/publication/14408 <p>Cost estimate for the bill as cleared by the Congress on April 8, 2003</p> 2003-04-17T04:00:00Z S. 380, Postal Civil Service Retirement System Funding Reform Act of 2003 https://www.cbo.gov/publication/14408 Cost estimate for the bill as cleared by the Congress on April 8, 2003 Public Law 108-18 Government Operations and Politics Accounting Armed Forces and National Security Budget surpluses Civil service retirement Congress Congressional investigations Congressional reporting requirements Economic forecasting Economics and Public Finance Executive compensation Federal employees Finance and Financial Sector Financial statements Fringe benefits Government employees' health insurance Government liability Government paperwork Government spending reductions Government trust funds Health Inflation Investment of public funds Labor and Employment Legislation Military pensions Payroll deductions Planning Postal service Public debt Retiree health benefits Social Welfare United States Postal Service Valuation Volunteer workers Wages Government Operations and Politics

00 2003-02-12 Introduced in Senate 2006-11-28T17:35:40Z Mandates that savings accruing to the Postal Service as a result of this Act be used to reduce the postal debt as the Secretary of the Treasury shall specify.

Expresses the sense of the Congress that: (1) the savings accruing to the Postal Service as a result of this Act will be sufficient to allow the Postal Service to fulfill its commitment to hold postage rates unchanged until at least 2006; (2) because the Postal Service still faces substantial obligations related to postretirement health benefits for its current and former employees, some portion of those savings should be used to address the unfunded obligations; and (3) none of the savings should be used to pay bonuses to Postal Service executives.]]>

01 2003-04-01 Reported to Senate with amendment(s) 2006-11-28T17:35:40Z (Sec. 3) Requires that savings accruing to the Postal Service as a result of the enactment of this Act be used to reduce the postal debt as the Secretary of the Treasury shall specify.

Instructs the Postal Service to include in certain mandatory reports to Congress the amount applied toward reducing the postal debt and the size of such debt before and after the application of this Act during the period covered by the report.

Expresses the sense of Congress that: (1) the savings accruing to the Postal Service as a result of the enactment of this Act will be sufficient to allow the Postal Service to fulfill its commitment to hold postage rates unchanged until at least 2006; (2) because the Postal Service still faces substantial obligations related to postretirement health benefits for its current and former employees, some portion of those savings should be used to address the unfunded obligations; and (3) none of these savings should be used to pay bonuses to Postal Service executives.

Directs the Postal Service, after taking into consideration the report of the President's Commission on the United States Postal Service, to report to Congress and the President on how: (1) it proposes to address its obligations relating to unfunded postretirement health care costs of current and former postal employees; and (2) prior and future actuarial accrued costs for postretirement health care benefits and the amounts necessary to prefund those costs are treated for purposes of financial statement reporting and establishing rates of postage and fees for postal services.

Sets a deadline for the General Accounting Office to submit to certain congressional committees a written evaluation of certain Postal Service reports.

Requires the Postal Service to report periodically to specified congressional committees and the General Accounting Office any recommendations for the disposition of any surplus or future savings accruing to the Postal Service as a result of the enactment of this Act that consider whether and to what extent those future savings should be used to address: (1) debt repayment; (2) prefunding of postretirement healthcare benefits for current and former postal employees; (3) productivity and cost saving capital investments; (4) maintaining postal rate stability; and (5) any other matter.

Prohibits any Postal Service action to implement any such recommendation for the disposition of future savings until 90 days after submission of such report.]]>

35 2003-04-02 Passed Senate amended 2006-11-28T17:35:40Z Directs the United States Postal Service, the Department of the Treasury, and the Office of Personnel Management each to prepare and submit to the President, Congress, and the General Accounting Office (GAO) by September 30, 2003, proposals detailing the extent to which the Department of the Treasury or the Postal Service should be responsible for funding benefits attributable to the military service of current and former Postal Service employees that, prior to enactment of this Act, were provided for under specified Federal civil service law. Requires GAO to evaluate and report on such proposals to specified congressional committees.

(Sec. 3) Requires that savings accruing to the Postal Service and attributable to FY 2003 and 2004 be used to reduce the postal debt.

Prohibits the Postal Service from incurring additional debt to offset the use of the savings to reduce the postal debt in FY 2003 and 2004.

Requires that: (1) savings attributable to FY 2005 be used to continue holding postage rates unchanged and to reduce the postal debt; and (2) savings attributable to any fiscal year after FY 2005 be considered Postal Service operating expenses and, until otherwise provided for by law, be held in escrow and not be obligated or expended.

Expresses the sense of Congress that: (1) the savings accruing to the Postal Service as a result of the enactment of this Act will be sufficient to allow the Postal Service to fulfill its commitment to hold postage rates unchanged until at least 2006; (2) because the Postal Service still faces substantial obligations related to postretirement health benefits for its current and former employees, some portion of those savings should be used to address the unfunded obligations; and (3) none of the savings should be used to pay bonuses to Postal Service executives.

Directs the Postal Service to submit to the President and Congress its proposal detailing how any savings accruing to it as a result of the enactment of this Act, which are attributable to any fiscal year after FY 2005, should be expended. Requires GAO to evaluate such proposal for specified congressional committees, and Congress, after receiving both proposal and evaluation, to revisit the question of how the savings should be used.

Requires the Postmaster General to report to Congress how the Postal Service proposes to use any surplus determined by the Office of Management and Budget as of the end of FY 2025, or any earlier date by which all postal employees under the Civil Service Retirement System will have retired.]]>

36 2003-04-08 Passed House amended 2006-11-28T17:35:40Z (This measure has not been amended since it was passed by the Senate on April 2, 2003. The summary of that version is repeated here.)

Postal Civil Service Retirement System Funding Reform Act of 2003 - (Sec. 2) Amends Federal civil service law to revise the statutory formula for funding benefits under the Civil Service Retirement System for U.S. Postal Service employees (according to the model for funding the Federal Employee Retirement System (FERS), using dynamic rather than static assumptions). Requires: (1) within the computation of the actuarial present value of future benefits, the full value of benefits attributable to military and volunteer service for Postal Service employees first employed after June 30, 1971, and a prorated share of the value of benefits attributable to military and volunteer service for Postal Service employees first employed before July 1, 1971; and (2) amortization schedules for liquidation of Postal supplemental pension benefit liability set with interest computed at the rate used in the most recent dynamic actuarial valuation of the Civil Service Retirement System.

Directs the United States Postal Service, the Department of the Treasury, and the Office of Personnel Management each to prepare and submit to the President, Congress, and the General Accounting Office (GAO) by September 30, 2003, proposals detailing the extent to which the Department of the Treasury or the Postal Service should be responsible for funding benefits attributable to the military service of current and former Postal Service employees that, prior to enactment of this Act, were provided for under specified Federal civil service law. Requires GAO to evaluate and report on such proposals to specified congressional committees.

(Sec. 3) Requires that savings accruing to the Postal Service and attributable to FY 2003 and 2004 be used to reduce the postal debt.

Prohibits the Postal Service from incurring additional debt to offset the use of the savings to reduce the postal debt in FY 2003 and 2004.

Expresses the sense of Congress that: (1) the savings accruing to the Postal Service as a result of the enactment of this Act will be sufficient to allow the Postal Service to fulfill its commitment to hold postage rates unchanged until at least 2006; (2) because the Postal Service still faces substantial obligations related to postretirement health benefits for its current and former employees, some portion of those savings should be used to address the unfunded obligations; and (3) none of the savings should be used to pay bonuses to Postal Service executives.

Directs the Postal Service to submit to the President and Congress its proposal detailing how any savings accruing to it as a result of the enactment of this Act, and which are attributable to any fiscal year after FY 2005, should be expended. Requires GAO to evaluate such proposal for specified congressional committees, and Congress, after receiving both proposal and evaluation, to revisit the question of how the savings should be used.

49 2003-04-23 Public Law 2006-11-28T17:35:40Z (This measure has not been amended since it was passed by the Senate on April 2, 2003. The summary of that version is repeated here.)

(Sec. 3) Requires that savings accruing to the Postal Service and attributable to FY 2003 and 2004 be used to reduce the postal debt.

Prohibits the Postal Service from incurring additional debt to offset the use of the savings to reduce the postal debt in FY 2003 and 2004.

Expresses the sense of Congress that: (1) the savings accruing to the Postal Service as a result of the enactment of this Act will be sufficient to allow the Postal Service to fulfill its commitment to hold postage rates unchanged until at least 2006; (2) because the Postal Service still faces substantial obligations related to postretirement health benefits for its current and former employees, some portion of those savings should be used to address the unfunded obligations; and (3) none of the savings should be used to pay bonuses to Postal Service executives.

Requires the Postmaster General to report to Congress how the Postal Service proposes to use any surplus determined by the Office of Management and Budget as of the end of FY 2025 or any earlier date by which all postal employees under the Civil Service Retirement System will have retired.]]>

Postal Civil Service Retirement System Funding Reform Act of 2003 Display Title Postal Civil Service Retirement System Funding Reform Act of 2003 Official Title as Introduced A bill to amend chapter 83 of title 5, United States Code, to reform the funding of benefits under the Civil Service Retirement System for employees of the United States Postal Service, and for other purposes. Introduced in Senate IS Short Titles as Passed House Postal Civil Service Retirement System Funding Reform Act of 2003 H House Short Titles as Introduced Postal Civil Service Retirement System Funding Reform Act of 2003 Short Titles as Enacted Postal Civil Service Retirement System Funding Reform Act of 2003 Short Titles as Passed Senate Postal Civil Service Retirement System Funding Reform Act of 2003 S Senate Short Titles as Reported to Senate Postal Civil Service Retirement System Funding Reform Act of 2003 S Senate 58 108 HAMDT An amendment printed in the Congressional Record striking a bill provision that requires the U.S. Postal Service to pay the pension costs related to the military service of postal employees covered by Civil Service Retirement System. Striking the provision would maintain the current statutory requirement that the U.S. Treasury pay such costs. 2022-02-15T17:33:51Z 2003-04-08 By unanimous consent, the Waxman amendment was withdrawn. 17:09:00 W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2003-04-08T04:00:00Z House of Representatives 108 S Senate S 380 Postal Civil Service Retirement System Funding Reform Act of 2003 2023-01-15T23:33:15Z 5 2003-04-08 17:09:00 By unanimous consent, the Waxman amendment was withdrawn. Floor H34140 2 House floor actions 2003-04-08 16:59:00 Amendment (A002) offered by Mr. Waxman. (consideration: CR H2908-2909; text: CR H2908) Floor H3A100 2 House floor actions 2003-04-08 16:59:00 House amendment offered/reported by : Amendment (A002) offered by Mr. Waxman.(consideration: CR H2908-2909; text: CR H2908) NotUsed 71500 9 Library of Congress 2003-04-08 House amendment offered Floor 71000 9 Library of Congress 57 108 HAMDT An amendment printed in the Congressional Record will strike a provision that requires the U.S. Postal Serivce to pay the pension costs related to the military service of postal employees covered by Civil Service Retirement System. Striking the provision would maintain the current statutory require ment that the U.S. Treasury pay such costs. 2022-02-15T17:33:51Z W000215 Rep. Waxman, Henry A. [D-CA-30] HENRY WAXMAN D CA A. 30 2003-04-08T04:00:00Z House of Representatives 108 S Senate S 380 Postal Civil Service Retirement System Funding Reform Act of 2003 2023-01-15T23:33:15Z 2 2003-04-08 House amendment offered Floor 71000 9 Library of Congress 469 108 SAMDT To amend chapter 83 of title 5, United States Code, to reform the funding of benefits under the Civil Service Retirement System for employees of the United states Postal Service, and for other purposes. 2022-02-15T17:33:51Z 2003-04-02 Amendment SA 469 agreed to in Senate by Unanimous Consent. SA 469 https://www.congress.gov/amendment/108th-congress/senate-amendment/469 C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2 2 C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2003-04-02 True L000304 Sen. Lieberman, Joseph I. [D-CT] JOSEPH LIEBERMAN D CT I. 2003-04-02 True 2003-04-02T05:00:00Z 2003-04-02T05:00:00Z Senate 108 S Senate S 380 Postal Civil Service Retirement System Funding Reform Act of 2003 2023-01-15T23:33:15Z 6 2003-04-02 0 Senate Amendment SA 469 agreed to in Senate by Unanimous Consent. Floor 2003-04-02 0 Senate Amendment SA 469 proposed by Senator Frist for Senator Collins. (consideration: CR S4729) To amend chapter 83 of title 5, United States Code, to reform the funding of benefits under the Civil Service Retirement System for employees of the United states Postal Service, and for other purposes. Floor 2003-04-02 Senate amendment agreed to: Amendment SA 469 agreed to in Senate by Unanimous Consent. Floor 94000 9 Library of Congress 2003-04-02 Senate amendment proposed (on the floor): Amendment SA 469 proposed by Senator Frist for Senator Collins.(consideration: CR S4729) Floor 93000 9 Library of Congress 2003-04-02 Senate amendment submitted Floor 91000 9 Library of Congress Enrolled Bill Engrossed in Senate 2003-04-02T05:00:00Z Reported to Senate 2003-04-01T05:00:00Z Introduced in Senate 2003-02-12T05:00:00Z 2003-04-24T03:59:59Z https://www.govinfo.gov/content/pkg/PLAW-108publ18/xml/PLAW-108publ18.xml Public Law 2003-04-23 Became Public Law No: 108-18. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. 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