The act also removed $27B of pension obligations from the postal service's books, and used this and other benefits to smooth the transition away from a "pay-go"

The act also removed $27B of pension obligations from the postal service's books, and used this and other benefits to smooth the transition away from a "pay-go" pension program. Pay as you go retirement programs are fraudulent because if the firm fails the retirees get nothing. I don't have a problem with the postal service being in debt or unprofitable, I just don't think the service is needed, and it's troubling to me that there are laws preventing other firms from offering letter delivery services that compete with the USPS.