The Magazine Publishers of America and the entire magazine industry are applauding the recent victory of postal reform.
Approved by both Houses of Congress on Dec. 9, the reform included resolutions for two of the magazine industry’s most important issues: Civil Service Retirement System (CSRS)/military pension funding and limiting rate increases to increases in the Consumer Price Index.
On the CSRS issue, the bill eliminates the CSRS escrow fund and returns responsibility for the military pensions of postal employees back to the U.S. Treasury.
The MPA played a key role in the mailing community’s efforts to push for the legislation, and several MPA member companies were instrumental in making the case to Congress.
Congressional leaders of reform include chairman Susan Collins and fellow senators Tom Carper and Joe Lieberman; and chairman Tom Davis and representatives Henry Waxman, John McHugh and Danny Davis from the House.
The New York based-MPA represents more than 240 domestic publishing companies with approximately 1,400 titles, more than 80 international companies and 100-plus associate service providers.