The US Senate passed legislation overhauling US Postal Service (USPS) finances Tuesday.

The broadly bipartisan vote was 79-19 with two senators not voting. The Postal Service Reform Act passed the House of Representatives last month with a 342-92 vote. The bill ends the “pre-funding mandate” enacted by the Postal Accountability and Enhancement Act (PAEA) in 2006, which required the USPS to “pre-fund” 100 percent of its retirees’ health benefits for 75 years into the future, at a cost of $5.5 billion per year. The new bill also requires postal employees to enroll in Medicare when it becomes available. The two measures are expected to save the USPS $50 billion over the next decade.

The Act would also allow USPS to partner with state, local, and tribal governments to offer public services on behalf of those governments, which will help bring additional revenue to USPS. Finally, the Act requires USPS to set up a dashboard on their website which will publish weekly performance data. The dashboard will have local and national delivery times and will allow the public to monitor service failures and slowdowns, as well as identify specific localities that are in need of improvements.

American Postal Workers Union president Mark Dimondstein called the passage of the Act “a monumental victory for postal workers, the wider postal community, and the communities we are proud to serve.” After the bill’s passage, Senate Majority Leader Chuck Schumer thanked postal workers for their efforts during the pandemic to continue delivering goods across the country when so many other services were shuttered. “They’re public servants of the highest order,” he said.

The bill now heads for the president’s desk for his signature.