PUBLIC LAW 108–18—APR. 23, 2003
117 STAT. 629
submit a written evaluation of such proposal to the Committee on Government Reform of the House of Representatives and the Committee on Governmental Affairs of the Senate. (4) LEGISLATIVE ACTION.—Not later than 180 days after it has received both the proposal of the Postal Service and the evaluation of such proposal by the General Accounting Office under this subsection, Congress shall revisit the question of how the savings accruing to the Postal Service as a result of the enactment of this Act should be used. (f) DETERMINATION AND DISPOSITION OF SURPLUS.— (1) IN GENERAL.—If, as of the date under paragraph (2), the Office of Personnel Management determines (after consultation with the Postmaster General) that the computation under section 8348(h)(1)(A) of title 5, United States Code, yields a negative amount (hereinafter referred to as a ‘‘surplus’’)— (A) the Office shall inform the Postmaster General of its determination, including the size of the surplus so determined; and (B) the Postmaster General shall submit to the Congress a report describing how the Postal Service proposes that such surplus be used, including a draft of any legislation that might be necessary. (2) DETERMINATION DATE.—The date to be used for purposes of paragraph (1) shall be September 30, 2025, or such earlier date as, in the judgment of the Office, is the date by which all postal employees under the Civil Service Retirement System will have retired. (g) DEFINITIONS.—For purposes of this section— (1) the savings accruing to the Postal Service as a result of the enactment of this Act shall, for any fiscal year, be equal to the amount (if any) by which— (A) the contributions that the Postal Service would otherwise have been required to make to the Civil Service Retirement and Disability Fund for such fiscal year if this Act had not been enacted, exceed (B) the contributions made by the Postal Service to such Fund for such fiscal year; and (2) the term ‘‘postal debt’’ means the outstanding obligations of the Postal Service, as determined under chapter 20 of title 39, United States Code.
VerDate 11-MAY-2000
13:45 Aug 26, 2004
Jkt 019194
PO 00000
Frm 00655
Fmt 6580
Sfmt 6581
Reports.
D:\STATUTES\2003\19194PT1.001
APPS10
PsN: 19194PT1
�