The following are highlights of the testimony filed by the Postal Service with the Postal Rate Commission (PRC) on July 14, 2006, outlining proposed details of a Forever Stamp:

• The Forever Stamp is a nondenominated, non-expiring stamp issued as a convenience for single-piece retail mailers. The stamp would be valid for the first-ounce First-Class Mail letter postage regardless of the actual rate on the date of use.
  
  
• The first Forever Stamp will be sold at the new rate (42 cents if the Postal Service proposal is approved) and will be available just before rates change.
  
  
• The design of the stamp is currently under review and will be announced by the Postal Service at a later date.
  
  
• The primary purpose of the stamp is to smooth the transition to new stamp prices when prices change.
  
  
• The stamp would be available throughout the year and would be sold through all sales channels, including post offices, vending machines, by mail, the internet or phone.
  
  
• The stamp would be available for purchase at the First-Class Mail 1-ounce letter rate until the date of a subsequent rate change. At that point, it would be sold at the new First-Class Mail 1-ounce letter rate.
  
  
• Current plans are to sell the Forever Stamp in booklets of 20 stamps.
  
  
• The Postal Service considered the experiences of foreign postal administrations in developing its plans for a Forever Stamp. The experiences of Britain and France, in particular, have been useful guides in assessing such a stamp.
  
  
• The Postal Service plans to carefully monitor the implementation and sales of the Forever Stamp.