By Bernie Becker - 11/14/12 01:33 AM EST
Postal legislation passed by the Senate this year would allow the agency to use the overpayment to incentivize postal workers into retirement. Emily Spain, a spokeswoman for Sen. Tom CarperTom CarperOvernight Healthcare: McConnell unveils new Zika package | Manchin defends daughter on EpiPens | Bill includes M for opioid crisis Dems to GOP: Help us fix ObamaCare Overnight Finance: Trump promises millions of jobs | Obama taps Kasich to sell trade deal | Fed makes monetary policy video game | Trump vs. Ford MORE, a sponsor of that measures, said the Delaware Democrat was reviewing OPM’s findings.
The letter from OPM comes as lawmakers on both sides of the aisle are still hopeful that broad reforms to the Postal Service can be passed before this Congress runs out.
A House GOP bill, sponsored by the Oversight Committee chairman, Rep. Darrell Issa (R-Calif.), did not receive a floor vote before November’s elections.
Republican supporters of the bill have cautioned that the FERS overpayment was just a projection, and should only be spent in a comprehensive restructuring of USPS.
But Rep. Dennis Ross (R-Fla.), Issa’s cosponsor on that bill, has also said that the FERS overpayment is one potential area of compromise with the Senate.
Donahoe said this year that giving USPS access to the overpayment would help ease the service’s cash flow issues and pay down its debt. The Postal Service recently reached its debt limit, and can’t currently borrow any more from the Treasury.