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Senate Panel Votes to Allow Postal Service to Use Excess Pension Assets to Stave Off Postage Hikes
GovExec.com Link to more items from this source
Mar. 6, 2003
Excerpt: The Senate Governmental Affairs Committee approved by voice vote legislation (S. 380) that the bill's sponsors say will prevent postal rate hikes until at least 2006. Chairwoman Susan Collins, R-Maine, said the Office of Personnel Management had discovered that higher-than-expected yields on investments meant the Postal Service was paying more into the retirement account than necessary.

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