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Lew says he would address USPS pension overpayment

Sep. 17, 2010 - 06:00AM   |  
By SEAN REILLY   |   Comments
Jacob Lew said that if he gets the job of Office of Management and Budget director, he will push the Office of Personnel Management to respond to findings that the U.S. Postal Service overpaid its pension obligations by tens of billions of dollars.
Jacob Lew said that if he gets the job of Office of Management and Budget director, he will push the Office of Personnel Management to respond to findings that the U.S. Postal Service overpaid its pension obligations by tens of billions of dollars. (File photo / Agence France-Presse)

If he gets the job of Office of Management and Budget director, Jacob Lew will push the Office of Personnel Management to respond to findings that the U.S. Postal Service overpaid its pension obligations by tens of billions of dollars, according to a written answer he provided on a Senate Homeland Security and Governmental Affairs Committee questionnaire.

The specific question noted that separate analyses by the USPS inspector general and an independent consultant hired by the Postal Regulatory Commission estimate the overpayments at anywhere from $50 billion to $75 billion.

While OPM has committed to respond, it has not done so, the questionnaire indicated.

"If I am confirmed and the OPM response has not yet been provided, I will work to ensure that it is released as soon as practically possible," Lew wrote.

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