S. 5373 — USPS Executive Benefit and Bonus Removal Act

This section prohibits the Postal Service from providing or reimbursing covered executive officers—including the Postmaster General, Deputy Postmaster General, and Postal Career Executive Service level II and above—with specified fringe benefits such as wellness payments, parking allowances, financial planning services, retirement counseling, trusted traveler program fees, airline club memberships, and relocation benefits, as well as first-class or business-class air travel. It requires reimbursement of any prohibited benefits received and bars substitution through increased base pay or deferred compensation.

This section limits compensation for all Postal Service officers, executives, and employees to the level set for the President under 3 U.S.C. 102. It prohibits the Postal Service from providing bonuses, deferred compensation, or any other current or deferred pay to covered executive officers to circumvent the cap.

This section prohibits the Postal Service Board of Governors from approving any bonus, award, or other monetary compensation beyond basic pay for the Postmaster General in any fiscal year when total expenditures exceed revenues, including both appropriated and non-appropriated funds.

This section ensures that the Act does not affect wellness, parking, or retirement-related benefits for Postal Service employees who are not covered executive officers, benefits provided to bargaining-unit employees under collective bargaining agreements, or compensation described in section 423(b) of title 5.