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I've seen this claim elsewhere but IMO it's ridiculously misleading. It's technically true that USPS is mandated to fund pensions for people that aren't alive
by Rebelgecko 6y ago
I've seen this claim elsewhere but IMO it's ridiculously misleading. It's technically true that USPS is mandated to fund pensions for people that aren't alive yet. However, they're not required to actually start putting the finds away until those people grow up and start working for USPS.
- r00fus 6y agoThe absurdity is that it’s not required of any other agency or private company.
- Rebelgecko 6y agoEVERY company (either private or publicly traded) in the US that offers a pension is legally required to do one of two things: 1. Pre-fund the pensions of employees who aren't born yet OR 2. Stop offering the pension before they hire the people who haven't been born yet Some companies chose to do 2, but without an act of congress the USPS is locked into option #1. This is tautological for any long lived pension plan. It will eventually serve people who haven't been born yet. I don't see why people are so surprised by it.