House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., introduced legislation that would repeal reductions in military pensions made by the Bipartisan Budget Act of 2013 and allow the U.S. Postal Service to implement a modified six-day delivery schedule.
The military pension cuts were made to achieve $6.2 billion in savings over 10 years. This bill, if passed, would actually save the government more money, according to Issa.
"This legislation will restore cost-of-living adjustments for our military retirees and not only replace the savings but nearly triple them – saving $17 billion over 10 years, according to conservative USPS estimates," said Issa. "This common sense reform will help restore the cash-strapped Postal Service to long-term solvency and is supported by the President and key Congressional leaders in both chambers."
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