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-- last year -- allowed.
It's gonna -- out its credit with the treasury which is fifteen billion dollars by the way later this year senators Susan Collins is the -- that they'll -- the Postal Service -- senator.
Thanks so much for joining us let's get right to it 8% of the costs.
Our worker related in fact I mean I wanna talk about some of the stand up what I like about like workers' comp worker's comp is meant to -- -- workers while they -- -- go back to work.
Postal workers receiving it.
Are over 96.
Are over a hundred years all do you think -- returning to work senator.
And no and that's one of the problem -- -- what the federal workers -- program.
People dead on it to end the incentives.
Are not to return to work but serene name Don and -- we know that people who are over 87 DR not returning to work.
They should be splits have been normal retirement program that benefits our lesson that Norma retirement program and -- -- acts.
So we need to make sure that the federal workers comp program is being used for injured workers who are out of work.
To help them low wage replacement rehabilitation.
And get them back to work.
So you -- clean up the post -- because I make this case all the time.
I love the post office they have a lot of great products priority mail us fantastic I'd like to take it over and cut the fat and run it well.
But -- you know is that are are you gonna get in there -- do -- for us.
-- sounds like we need to have higher -- takeover.
-- do -- -- service the fact that also service has many challenges.
Of one of its biggest challenges.
Is its work force is simply too large and what we have proposed.
Is that the postmaster general.
Be giving some funding that comes from our brief payment.
Been over payment to the -- employees retirement system and used part of that money.
For buyouts just says -- private corporation would do so.
That needs to can passionately shrink its work force the postmaster general believes that -- saying that authority.
He can reduce the number of workers by approximately a 100000.
Out of the 523000.
That are now working for the Postal Service says -- 18%.
-- let me ask you about the logistics.
Because your bill in the senate very popular but there's also -- house version which is very different house version looking to drop mail delivery to just five days week which I know you're not in favor of but -- -- postal workers themselves have their own proposal for reform so in -- sense do you think they're too many cooks in the kitchen.
Well there are a lot of different views up on what needs to be done to put that -- canceled.
Status of -- Postal Service -- contract.
But there's one thing that I -- adamant about the answer to the postal service's woes.
Does not lie in hiding service and raising prices.
And yet unfortunately that is the approach that the -- the leadership.
I can't think of but another major business that would risk alienating.
Its patent has tumors.
By the increasing prices and hiding service at the same time.
Bottom line let me ask you this obviously the goal here is to stem these billions of dollars in losses the post office is dealing with.
Do you foresee a time senator Collins -- the post office will be profitable.
I do what I'm optimistic that -- week can allowed but Postal Service to continue to serve.
The entire nation.
And can -- the linchpin.
-- trillion dollar mailing industry that employs eight point seven million Americans.
If we can get it -- right sides have -- more efficient.
That they can return to profitability.
And I thank the bill.
That senator Paper mennonite Scott brown and Tom Carper a bipartisan approach.
-- have we've take then we'll put the Postal Service back on the right track.
All right senator Collins thanks so much for joining us today we really appreciate it.
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