This bill, known as the PERFORM Act, restricts bonus and performance-based compensation for the U.S. Postmaster General. Specifically, the Postmaster General cannot receive bonuses, incentive awards, or other performance-based pay if the Postal Service loses money in the preceding year, fails to meet nationwide service targets, receives audit problems, or fails to submit required reports to Congress. The legislation requires the Postmaster General to submit a detailed annual report to Congress within 30 days of each fiscal year's end, documenting all bonuses and performance-based compensation paid to senior executives, the metrics used to justify those payments, the Postal Service's financial performance, and service quality data. The Postal Service's Inspector General must review these reports to ensure compliance with the new requirements. The bill aims to tie executive compensation more directly to the organization's financial health and service performance.
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