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Not only that, but UPS and FedEx probably don’t offer pensions at all. USPS will never be able to compete, even if they raised their prices.
by vondur 6y ago
Not only that, but UPS and FedEx probably don’t offer pensions at all. USPS will never be able to compete, even if they raised their prices.
- chrisseaton 6y agoI am sure they both offer define contribution pensions like almost all companies do.
- lotsofpulp 6y agoIn the US, pensions means defined benefit pensions, which cost a great amount more than defined contribution pensions. With a defined contribution plan, the employer is off the hook immediately after giving the employee the cash. With defined benefit, the employer is on the hook for all adverse investment performance as well as broader economic turmoil decades into the future.