Postal Service considers putting retirees onto Medicare to cut USPS costs

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03-27-2012, 06:06 PM

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Postal Service considers putting retirees onto Medicare to cut USPS costs

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.....The desperate and bankrupt Postal Service last August proposed pulling out of FEHBP and setting up its own health care plan as part of an aggressive proposal to cut $22.5 billion in costs by 2016.

A large part of this plan would push postal retirees onto Medicare, which Donahoe said would save as much as $565 million in the program's first year. He said it would also cut $5.5 billion to $5.8 billion in retiree health benefits prepayments during the first year.

"The Postal Service and its employees have paid over $28 billion in Medicare taxes since 1984, and we need the return on investment for that expense," Donahoe said.

Donahoe also said the Postal Service would be able to take advantage of Medicare Part D prescription drug benefits......

Expert: USPS pullout would jeopardize federal health insurance program - FederalTimes.com

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Postal Service considers putting retirees onto Medicare to cut USPS costs

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