Postal Service Overhaul Bill May Delay Large USPS Rate Increases for Up to 10 Years

Congress has passed legislation that will generally prohibit the Postal Service from raising postage rates beyond the rate of inflation for the next 10 years, in order to help the USPS better compete against other delivery companies.

In exchange for accepting the new restrictions, the USPS will be relieved of billions in employee retirement expenses. The Postal Service had been required to pay retirement benefits earned by its workers during any time they spent in military service.