Posted on 09/05/2011 9:37:00 AM PDT by mdittmar
The postal service says it's running out of cash and may not be able to make a $5.5 billion pension payment this month.
In fact, the postmaster general says things are so tight, the postal service may have to shut down this winter unless congress takes emergency action to stabilize its finances.
(Excerpt) Read more at abclocal.go.com ...
I am seeing figures of $83,500 and better @20 years as salary,Not bad for a Semi Skilled Job with bennies would be $112,000. the pension is easy to figure from that.
Really, please provide a link.
There may be a very few Letter Carriers or Clerks who are making colse to the $80,000.00 a year referenced to earlier in this thread but that would require a TON of overtime. High basic pay right now is about 54,000 a year. And—they pay a good amount of their health benefit plan. We always did. My Mailmans’ contribution to his family plan is $147.00 per pay period—every two weeks.
Why was the USPS forced to pre-fund their plans? It makes me think someone was looking forward enough to see insolvency becoming a major problem, probably as it was know that paper mail was going to decline drastically and no-layoff clauses were in effect in contracts.
link? That is certainly NOT for rank and file workers. They are paid hourly, not salary. Top pay for a carrier is 56k. Other crafts are less or similar. Again, please detail exact pension and benefits figures. Surely you can find it.
You know what your talking about.
Ask you local Congresscritter. And then ask them why Congress does not prefund...or any other company.
Exactly....$300/month Blue Cross for a family plan. No vision coverage/basic dental. Not exactly the “free” health care we supposedly get.
570,000 employees and they don’t know how to balance their budget.
The problem with the USPS pension "fund" is that the Congress has done with it what they did with Sociel Security - they spent it and put IOUs in the box. While Republicans spend such too - it wasn't Bush that did it even if it happened on his watch - if he had a full control of the huse and Senate, you might blame him, but the USPS, like all government/union run entities has been terribly inefficient and has priced itself out of business - like Socialism, Unions tend to do more harm than good these days by sucking the lifeblood out of what they infest.
It is hard to Divine it they use “Starting” wages!
Apparently you are late to the game here. Go back and read again. A huge chunk of their “profit”, since 2006, is MANDATED to prefund retirees. Present retirees, soon to be retirees, and employees yet to be hired or not hired in the future. No other company is mandated to do so. I take it you favor mandates on business?
What did that strike in 1970 lead to?
Bob and weave!
“Bob and weave!”
No USPS Lackey ,I went through about 15 Links before finding the right info , I suggest you do the same!
Nice effort. But it was a Bush administration proposal. Voted for him twice. But he was wrong on this as were the Repubs who support it, like Susan Collins. How has the USPS priced itself out of business? Apparently UPS and FEDEX don’t think so as they have USPS deliver many of their packages the “last mile” instead of having their own employees do it at a greater cost to them. Funny watching those UPS and FEDEX trucks backing up to the USPS dock to offload those low profit packages they don’t deliver themselves but the USPS HAS to.
Don’t need to. I know what the facts are. I know what rank and file employees make. Go back and try to find another link to support your ignorance.
Here, I will help you out. Try NALC.ORG and go to pay chart. Does that help? Good.
That's not their decision to make. They're losing volume at a drastic rate and can't cut payrolls or reduce services. "No lay-off" clauses in negotiations are not a good idea. Neither is having congress in charge of making business decisions for you.
Been there it not list what I am looking for little guy!
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