If it weren't for Congress, the USPS wouldn't be in this situation at all.
At the very end of that year, Congress passed the Postal Accountability and Enhancement Act of 2006 (PAEA). Under PAEA, USPS was forced to prefund its future health care benefit payments to retirees for the next 75 years in an astonishing ten-year time span meaning that it had to put aside billions of dollars to pay for the health benefits of employees it hasnt even hired yet, something that no other government or private corporation is required to do.
Thank you for posting the APWU viewpoint. Now, care to post a sane counterpoint? Why in the world SHOULDN’T the USPS pay for their pension and retiree costs? If the USPS don’t want to be part of FERS or whatever, then they can withdraw and do it themselves. Fund everything with postage, and if they can’t cover it, time to cut costs and/or raise rates...
...just like those of us in the private sector have to do. USPS can suck it.
I know and stated that Congress has mismanaged it.. they made a decision when things were flying high, and now everythings in the crapper they haven’t modified it... Typical Government, takes 10 years to act on anything.
I ordered an ipad from Amazon.com and it was shipped by USPS for $6.95 and arrived in perfect condition in my cluster mail box. Works for me.
That's probably why the Postal Rate Commission has not allowed USPS to count those costs as a basis for rate making.
Basically you have a Mexican standoff between The US SENATE and THE PRC. The House really isn't in this one ~ Goober doesn't have a clue.