42 ms·
Let's run the numbers and see if it works the way you say: In 2005, the last year used by the 2006 congress law, the unfunded liabilities of USPS were determine
by coliveira 6y ago
Let's run the numbers and see if it works the way you say: In 2005, the last year used by the 2006 congress law, the unfunded liabilities of USPS were determined as between $50 and 59 billion [1]. In 2006, congress required USPS to make 10 payments of $5.5 billion. This doesn't meet your characterization os a 1/30th of NPV each year! It is basically paying to whole NPV in a staggered 10 years pre-payment plan.
1: https://about.usps.com/who-we-are/financials/annual-reports/fy2005/usps_ar05.pdf https://about.usps.com/who-we-are/financials/annual-reports/... (page 26)