Hochul Introduces Legislation Capping Executive Pay at US Postal Service

March 28, 2012 Updated Mar 28, 2012 at 12:19 PM EDT

By WKBW News

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Hochul Introduces Legislation Capping Executive Pay at US Postal Service

March 28, 2012 Updated Mar 28, 2012 at 12:19 PM EDT

Washington D.C. (WKBW release) -- New York Representative Kathy Hochul on Tuesday was joined by Representatives Morgan Griffith (R-VA) and Kristi Noem (R-SD) in introducing the bipartisan Postal Executive Accountability Act, which limits compensation for executive officers of the United States Postal Service to the same level of pay as the President’s Cabinet.
 
According to a news release:

“I was proud to work with my colleagues in introducing this bipartisan cost-saving measure during this time of record-high deficits,” said Hochul.  “While American families are struggling to get by and the jobs of thousands of postal employees across the country remain in jeopardy, including 700 employees in Buffalo, it’s absurd to think the Postmaster General and his top executives are making significantly more than Cabinet Secretaries.  This bill will cut the pay and substantial bonuses for USPS senior leadership.”
 
The Postal Executive Accountability Act would reinstate the longstanding policy of paying the Postmaster General and other USPS executives no more than the President’s Cabinet ($199,700 in FY2012).  Additionally, this bill would prohibit the issuance of bonuses to USPS executive officers in years that the Postal Service closes any retail or processing facility.