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Young Tells Congress Survival of Postal Service Could Depend on Passage of Relief Legislation
Date:3/25/2009

se members -- that would allow the Postal Service to save billions of dollars over several years by letting it pay current retiree health benefits out of its now-restricted retiree health fund.

"No taxpayer funds will be required by the bill," Young said.

In addition, he said Congress should work with the Obama administration on an in-depth review of the Postal Service's post-retirement obligations, including some policy decisions by the Bush administration.

Young said the collapse of the housing, real estate and banking industries -- all heavy users of the mail -- and an economy wide retrenchment in advertising spending, have slashed mail volumes.

"Although all the volume we have lost may not come back, we believe most of it will when the economy improves," Young said. "The McHugh-Davis legislation will provide breathing space until the economy fully recovers."

Young decried a suggestion that a cutback in six-day mail delivery to five days might be the answer to the Postal Service's woes. He said that would be "short-sighted and unwise" and would be counterproductive by driving more volume out of the mail-stream.

"Such a reduction in delivery frequency would be penny-wise and pound foolish," Young said.


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SOURCE National Association of Letter Carriers
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