New bill could reform US Postal Service

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(CNN) — A group of Senators introduced a bi-partisan legislation to reform the United States Postal Service.

The 2021 Postal Service Reform Act would cut the requirement for the post office to pre-fund its pension for retirees.

That financial burden has been a massive drain on the agency’s budget for years.

The bill would also integrate retirees’ healthcare with Medicare.

Lawmakers say those two reforms would save the Postal Service more than $45 billion over the next 10 years.

The bill would require USPS to continue to deliver mail at least six days a week.

The agency has floated the idea of stopping Saturday deliveries as a cost saving measure.

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