Sec. 101. Postal specific assumptions
174 words·~1 min read·
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In this section, the term agency has the meaning given the term Executive agency under section 105 of title 5, United States Code. The head of each agency shall ensure that the agency uses criteria specific to employees of the Postal Service (including demographic factors and appropriate economic assumptions regarding wage and salary trends specific to the employees) in calculating any liability of the Postal Service, including retiree health benefits, retirement annuity, and workers' compensation liabilities.
In any report submitted to Congress, the Postal Service, or an agency relating to the valuation of assets and liabilities of funds or accounts maintained for purposes of providing health care or retirement annuities to employees the Postal Service, the Office of Personnel Management, the Department of Labor, and any other relevant agency shall— identify the persons responsible for preparing the report; certify that such persons meet the professional qualifications established by the governing body of the relevant profession or industry; and adhere to the professional standards of practice established by the governing body of the actuarial industry.