Sec. 110. Restrictions on postal service executive compensation
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Section 1003 is amended— in subsection (a), by striking the last sentence; and by adding at the end the following: Subject to subparagraph (B), an officer or employee of the Postal Service may not be paid at a rate of basic pay that exceeds the rate of basic pay for level II of the Executive Schedule under section 5313 of title 5. Not more than 6 officers or employees of the Postal Service that are in very senior executive positions, as determined by the Board of Governors, may be paid at a rate of basic pay that does not exceed the rate of basic pay for level I of the Executive Schedule under section 5312 of title 5.
An officer or employee of the Postal Service who is in a critical senior executive or equivalent position, as designated under section 3686(c), may not receive fringe benefits (within the meaning given that term under section 1005(f)) that are greater than the fringe benefits received by supervisory and other managerial personnel who are not subject to collective-bargaining agreements under chapter 12. . Section 3686 is amended— in subsection (a), by striking The Postal Service and inserting Subject to subsection (f), the Postal Service ; and by adding at the end the following:
Not later than 60 days after the end of fiscal year 2014 and each fiscal year thereafter, the Office of Management and Budget shall determine whether the Postal Service has, with respect to such fiscal year, implemented the measures needed to achieve long-term solvency and balanced budgeting, as required under paragraphs
(2)and
(3)of section 404(b). In order to make such determination, the Office of Management and Budget shall use the information provided under section 2009. The Postal Service may not provide a bonus or other reward under this section to an officer or employee of the Postal service in a critical senior executive or equivalent position, as designated under subsection (c), during a covered year. In this subsection, the term covered year means the fiscal year following a fiscal year with respect to which the Office of Management and Budget determines under paragraph
(1)that the Postal Service has not implemented the measures needed to achieve long-term solvency and balanced budgeting, as required under paragraphs
(2)and
(3)of section 404(b). . The amendments made by subsections
(a)through
(c)shall— take effect on the date of enactment of this Act; and apply to any contract entered or modified by the Postal Service on or after the date of enactment of this Act. Effective 2 years after the date of enactment of this Act— section 1003 is amended— in subsection (a), by adding at the end the following: No officer or employee shall be paid compensation at a rate in excess of the rate for level I of the Executive Schedule under ; and section 5312 of title 5. by striking subsection (e); and section 3686 is amended— in subsection (a), by striking Subject to subsection (f), the Postal Service and inserting The Postal Service ; and by striking subsection (f).