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I can't access the article, but don't postal employees get the same (unsustainable) retirement benefits as government employees? Of course the costs of those be

I can't access the article, but don't postal employees get the same (unsustainable) retirement benefits as government employees? Of course the costs of those benefits are ballooning. The retirement age is far earlier than life expectancy; it's simple math. What alternative is proposed that would make it past a union sitting on 120B in benefit commitments already?

ardy42 6y ago
> I can't access the article, but don't postal employees get the same (unsustainable) retirement benefits as government employees? Can you clarify? My understanding is that US Federal Employee retirement benefits (for new employees) have been comparable to private sector benefits since some point in the 80s, though existing employees at that time kept their old, more generous pension plan. I think this might be what I'm talking about: https://www.opm.gov/retirement-services/fers-information/ https://www.opm.gov/retirement-services/fers-information/
vel0city 6y ago
It is not necessarily that the retirement benefits are so extreme, it is that the Post Office singularly has a requirement to pre-fund its retirement fund massively in advance. No other agency is required to do so. https://federalnewsnetwork.com/agency-oversight/2020/02/house-passes-smaller-usps-reform-bill-to-eliminate-pre-funding-benefits/ https://federalnewsnetwork.com/agency-oversight/2020/02/hous... The Postal Accountability and Enhancement Act has pretty much been at the core of why the USPS has had such extreme woes. https://en.wikipedia.org/wiki/Postal_Accountability_and_Enhancement_Act https://en.wikipedia.org/wiki/Postal_Accountability_and_Enha...