S. 5373

USPS Executive Benefit and Bonus Removal Act

Sponsor: Mike Rounds · 0 cosponsors

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Sec. 2. Prohibition of Certain Executive Fringe Benefits

Section 1003 of title 39, United States Code, is amended by adding at the end the following:

Text this section adds to the law

(e) Limitation of Executive Fringe Benefits

(1) Definitions. In this subsection:

(A) Covered Executive Officer. The term covered executive officer—

(i) means the Postmaster General, the Deputy Postmaster General, any Postal Service officer or employee serving in a Postal Career Executive Service position at level II or above, or any successor executive pay classification; and

(ii) does not include the Inspector General of the Postal Service.

(B) Deferred Compensation. The term deferred compensation includes any nonqualified deferred compensation arrangement, supplemental executive retirement plan, or similar arrangement under which compensation is earned in one period but paid in a later period, whether or not subject to section 409A of the Internal Revenue Code of 1986.

(C) Fringe Benefit. The term fringe benefit includes the following:

(i) A wellness reimbursement or similar wellness incentive payment, unless offered on substantially the same terms to substantially all career employees of the Postal Service.

(ii) Parking or a parking allowance, except space made available on the same terms as to non-executive employees at the same duty station.

(iii) Financial planning, tax preparation, estate planning, or similar personal financial advisory services.

(iv) Retirement counseling services, unless offered on substantially the same terms to substantially all career employees of the Postal Service.

(v) Reimbursement for enrollment or renewal fees for TSA PreCheck, Global Entry, CLEAR, or any similar trusted traveler or expedited-screening program.

(vi) Membership dues or fees for any airline club, airport lounge program, hotel loyalty tier, or similar travel-amenity program.

(vii) Any relocation expense, allowance, bonus, or benefit provided in connection with, or in anticipation of—

(I) the hiring, appointment, or commencement of service of the officer;

(II) the retirement or separation from service of the officer; or

(III) any other change in the officer's status with the Postal Service.

(2) Limitation on fringe benefits. Notwithstanding subsection (a) or any other provision of law, the Postal Service may not provide, pay for, or reimburse, directly or indirectly, on behalf of any covered executive officer, any fringe benefit.

(3) Exception for official travel. Paragraph (2) may not be construed to prohibit reimbursement of ordinary and necessary travel expenses incurred in the performance of official duties, consistent with applicable Federal travel regulations.

(4) No Circumvention

(A) No substitutes. The Postal Service may not provide a covered executive officer with increased base pay, a bonus, deferred compensation, or any other form of current or deferred compensation, that is designated, in whole or in part, as a substitute for a benefit prohibited under paragraph (2).

(B) No limitation on base pay. Nothing in this paragraph limits the authority of the Postal Service to set base pay under subsection (a).

(5) Reimbursement Required. A covered executive officer who receives a benefit prohibited under paragraph (2) after the effective date of this subsection shall reimburse the Postal Service for the fair market value of such benefit.

(6) Prohibition on Premium-Class Air Travel

(A) In general. Notwithstanding subsection (a) or any other provision of law, the Postal Service may not pay for, reimburse, or otherwise provide, directly or indirectly, first-class or business-class air travel accommodations for any covered executive officer.

(B) Reimbursement Required. A covered executive officer who receives air travel accommodations prohibited under subparagraph (A) after the effective date of this subsection shall reimburse the Postal Service for the value of such accommodations.