Proposed Legislation Would Refund $6.9 Billion Postal Service Has Overpaid Into FERS

Reps. Elijah E. Cummings and Stephen Lynch have introduced legislation to address the Postal Service’s dismal financial situation by making numerous changes in an attempt to restore it to financial solvency. One of the provisions of the bill would be to refund the excess money the Postal Service has paid into the Federal Employee Retirement System.