9 ms·
EVERY 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 empl
by Rebelgecko 6y ago
EVERY 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.