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The most significant aspects of the legislation would eliminate a prefunding requirement for retirees and require them to enroll in Medicare. Those two steps alone would save an estimated $46 billion over the next decade for an agency that employed 500,000 workers last year. The Postal Service is the only federal agency that has a prefunding requirement for retirees.
The legislation also requires letter carriers to continue delivering mail six days a week, allows customers to search by ZIP code to see how efficient the Postal Service is in their area and makes equipment changes to accommodate the increase in parcel deliveries.
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