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To: vbmoneyspender
1984?

I do believe the situation you are pointing to has subsequently been dealt with. More recently (like since 1984) OMB has cheated postal retirees out of tens of billions of dollars by overcharging for retirement.

Now, going directly to the health insurance situation, the federales forced postal employees into Medicare and that smarmed up what or where subsidies might have occurred.

Irrespective of that I kept close track of every penny I paid to retirement and determined that if it were simply routed into T-bills I would have paid for all of my possible retirement costs FOREVER.

Most people simply don't realize federal employees under the old CSRS system paid for their own retirement.

136 posted on 02/03/2010 8:42:47 AM PST by muawiyah ("Git Out The Way")
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To: muawiyah
The USPS had a 7 billion dollar loss in the last fiscal year. Where did the money come from to fund that loss? I count borrowed money as a subsidy because the USPS couldn't get that kind of funding unless they were a monopoly that relies on the implicit good faith and credit of the United States.

Despite cost reductions against the fiscal 2009 plan of more than $6 billion and actions to grow revenue, the Postal Service (USPS) projects a net loss of more than $7 billion at fiscal year-end. The organization’s financial situation is compounded by its obligation to pay $5.4 billion to $5.8 billion annually to prefund retiree health benefits. This requirement, established in the Postal Accountability and Enhancement Act of 2006, is an obligation that no other government agency has to pay.

153 posted on 02/03/2010 8:58:34 AM PST by vbmoneyspender
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