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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (6)

Short Titles

Short Titles as Enacted

Postal Civil Service Retirement System Funding Reform Act of 2003

Short Titles - House of Representatives

Short Titles as Passed House

Postal Civil Service Retirement System Funding Reform Act of 2003

Short Titles - Senate

Short Titles as Passed Senate

Postal Civil Service Retirement System Funding Reform Act of 2003

Short Titles as Reported to Senate

Postal Civil Service Retirement System Funding Reform Act of 2003

Short Titles as Introduced

Postal Civil Service Retirement System Funding Reform Act of 2003

Official Titles

Official Titles - Senate

Official Titles 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.


Actions Overview (8)

Date
04/23/2003Became Public Law No: 108-18. (TXT | PDF)
04/23/2003Signed by President.
04/11/2003Presented to President.
04/08/2003By Senator Collins from Committee on Governmental Affairs filed written report. Report No. 108-35.
04/08/2003Passed/agreed to in House: On passage Passed by the Yeas and Nays: 424 - 0 (Roll no. 115).(text: CR H2902-2903)
04/02/2003Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
04/01/2003Committee on Governmental Affairs. Reported by Senator Collins with an amendment in the nature of a substitute. Without written report.
02/12/2003Introduced in Senate

All Actions (27)

Date Chamber
04/23/2003Became Public Law No: 108-18. (TXT | PDF)
04/23/2003Signed by President.
04/11/2003SenatePresented to President.
04/08/2003SenateBy Senator Collins from Committee on Governmental Affairs filed written report. Report No. 108-35.
04/08/2003-5:22pmHouseA similar measure H.R. 735 was laid on the table without objection.
04/08/2003-5:22pmHouseMotion to reconsider laid on the table Agreed to without objection.
04/08/2003-5:22pmHouseOn passage Passed by the Yeas and Nays: 424 - 0 (Roll no. 115). (text: CR H2902-2903)
04/08/2003-5:09pmHouseH.Amdt.58 By unanimous consent, the Waxman amendment was withdrawn.
04/08/2003-4:59pmHouseDEBATE - The House proceeded with ten minutes of debate on the Waxman amendment.
04/08/2003-4:59pmHouseH.Amdt.58 Amendment (A002) offered by Mr. Waxman. (consideration: CR H2908-2909; text: CR H2908)
04/08/2003-4:14pmHouseDEBATE - The House proceeded with one hour of debate on S. 380.
04/08/2003-4:14pmHouseConsidered by a previous order of the House. (consideration: CR H2901-2909)
04/08/2003-4:14pmHouseConsideration initiated by a previous order of the House.
04/07/2003-7:21pmHouseMr. 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)
04/03/2003-11:17amHouseHeld at the desk.
04/03/2003-10:01amHouseReceived in the House.
04/03/2003SenateMessage on Senate action sent to the House.
04/02/2003SenatePassed Senate with an amendment by Unanimous Consent.
04/02/2003SenateThe committee substitute as amended agreed to by Unanimous Consent.
04/02/2003SenateS.Amdt.469 Amendment SA 469 agreed to in Senate by Unanimous Consent.
04/02/2003SenateS.Amdt.469 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.
04/02/2003SenateMeasure laid before Senate by unanimous consent. (consideration: CR S4726-4729; text of measure as reported in Senate: CR S4726-4728)
04/01/2003SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 58.
04/01/2003SenateCommittee on Governmental Affairs. Reported by Senator Collins with an amendment in the nature of a substitute. Without written report.
03/05/2003SenateCommittee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
02/12/2003SenateRead twice and referred to the Committee on Governmental Affairs. (text of measure as introduced: CR S2364-2365)
02/12/2003SenateSponsor introductory remarks on measure. (CR S2363-2364)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Governmental Affairs02/12/2003 Referred to
03/05/2003 Markup by
04/01/2003 Reported by S. Rept. 108-35

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Latest Summary (5)

There are 5 summaries for S.380. View summaries

Shown Here:
Public Law No: 108-18 (04/23/2003)

(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.

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.

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 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.

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.