|| Print ||
|Wednesday, November 02, 2011|
A bipartisan group of senators have a proposal to save the U.S. Postal Service. The plan includes cutting Saturday service, buying out 100,000 jobs and closing many branches.
The bill would allow the cash-strapped U.S. Postal Service tap a $6.9 billion overpayment to the Federal Employment Retirement System, a move that several House Republicans have opposed, dubbing it a bailout.
The bill would direct $1.7 billion of that overpayment to offer up to $25,000 cash buyouts or up to two years of service credits toward retirement for experienced employees near retirement. If 100,000 workers take the buyout, the move could save $8 billion, according to the U.S. Postal Service.
The rest of that money could be used to pay down debt that the U.S. Postal Service has taken on to pay bills, said Sen. Susan Collins, a Maine Republican, who was among those who helped craft the deal.
"Without taking controversial steps like these, the Postal Service just isn't going to make it, and that would be terrible. said Sen. Joseph Lieberman, a Connecticut independent who caucuses with Democrats. "We must act quickly to prevent a postal service collapse."
Other lawmakers in on the proposal include Sen. Tom Carper, a Delaware Democrat, who runs the panel that oversees the U.S. Postal Service and Sen. Scott Brown, a Massachusetts Republican.
Congress would need to pass the proposal, which has yet to be reviewed by House Republicans or the White House.
Postal unions had not yet reacted to the proposal, but they've been opposed to past recommendations that included employee layoffs.
Read The Latest at CNN.
Thursday, September 17, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Ahead of the recreational rollout, what are dispensary owners most concerned about ?
Wednesday, August 19, 2015
BY BRIAN LIBBY
Ben Kaiser holds his ground.
Monday, September 28, 2015
BY JACOB PALMER
“There wasn’t a reason shaving with a straight razor should have been taken over by shaving with disposable razors.”
Monday, September 28, 2015
BY TIM NEVILLE
Betty Roppe steers Prineville into the future.
Thursday, October 01, 2015
PHOTOS BY JASON E. KAPLAN
Images from the big 2015 celebration of worker-friendly organizations that make a difference.
Tuesday, September 08, 2015
BY LINDA BAKER
Alan Lehto, TriMet's director of policy & planning, shares a few thoughts on ride sharing and more nimble bus services.
Thursday, August 20, 2015
Which of the following would be most effective in reducing the cost of operating a public university in Oregon?
|The List: 100 Best Nonprofits to Work For in Oregon|
|Run, Nick, Run|
|100 Best Nonprofits: Working for equality inside and out|
|Keep Pendleton Weird|
|One Tough Mayor|
|LeBron signs with 'the Chipotle of pizza'|
|Comcast to speed up Internet for many Oregon users|
|Liza Minnelli takes 200 mile Uber ride|
|Should gun owners carry insurance?|
|VW admits system was intentionally placed to cheat|
|The $184,000 almond caper|
|Microsoft unveils new lineup of products|
Engaging employees and customers along the way.