H.R.5746 - United States Postal Service's CSRS Obligation Modification Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Lynch, Stephen F. [D-MA-9] (Introduced 07/15/2010)|
|Committees:||House - Oversight and Government Reform|
|Latest Action:||07/21/2010 Forwarded by Subcommittee to Full Committee in the Nature of a Substitute by the Yeas and Nays: 8 - 1 .|
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Summary: H.R.5746 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (07/15/2010)
United States Postal Service's CSRS Obligation Modification Act of 2010 - Prescribes the "average pay" and the appropriate percentage thereof to be used in determining annuities for civilian employment with the United States Postal Service (USPS) for purposes of provisions relating to future benefits attributable to such employment in order to calculate the amount of any Postal surplus or supplemental liability under the Civil Service Retirement System.
Requires the Office of Personnel Management (OPM): (1) within six months after enactment of this Act, to determine (or, if applicable, redetermine) the amount of such surplus or liability as of the close of the most recently ending fiscal year using the methodology required under this Act; and (2) if the result is a surplus, to transfer the surplus amount to the Postal Service Retiree Health Benefits Fund.