21st Century Postal Service Act of 2012

[AI summary unavailable — showing source text] 21st Century Postal Service Act of 2011 - Amends provisions of federal law relating to the United States Postal Service (USPS) workforce, services and operations, worker compensation, and other matters. Requires surplus contributions to the USPS Federal Employees Retirement System (FERS) in FY2012-FY2014 to be used by USPS to provide postal employees who voluntarily separate from service before October 1, 2014, with voluntary separation incentive payments and for additional retirement service credits. Allows any additional surplus postal contributions to be used for repayment of debts incurred by USPS and for making required payments to retiree health and pension funds. Allows USPS to offer up to one year of additional creditable service for employees in the Civil Service Retirement System (CSRS) and up to two years for employees in FERS. Disqualifies any employee who receives such additional creditable service from receiving a voluntary separation incentive payment under this Act. Requires postal retirees and their family members who are eligible for Medicare coverage to enroll in Medicare Parts A and B. Allows a 40-year amortization of USPS pre-funded retiree health benefit payme…