The Government Accountability Office released a report Thursday laying out broad plans for fixing the finances of the Postal Service. The agency is projecting a 25 percent decrease in mail by the year 2020.
The GAO was pointedly critical of the Postal Service’s payment system for retirees health benefits, a model they say is flawed because it is a hybrid of both private and public standards.
More recommendations from the GAO include a fully subsidized government agency, which would be the current structure, but with increased flexibility or an entirely private sector entity.
Senators Joe Lieberman (I-Conn.) and Susan Collins (R-Maine), respectively the chairman and ranking member of the Senate Homeland Security and Governmental Affairs Committee, said they will review GAO’s findings and write legislation they say will improve the agency.