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I checked the reference but I don't see the numbers. For the 9 months ending in August 2020, $62 billion in operating expenses. Of which $3.495 billion is all
by givehimagun 6y ago
I checked the reference but I don't see the numbers.
For the 9 months ending in August 2020, $62 billion in operating expenses. Of which $3.495 billion is allocated to retiree health benefits. Overall net loss is $(7.374 billion)...even without the pre-funding requirements, we have a problemo?
- rubyn00bie 6y agoWe indeed do friend; they misled you too... gotta love deception through clever accounting, BOTH of those retiree health rows are going to the same fucking thing: > Additionally, the PAEA established the Postal Service Retiree Health Benefits Fund ("PSRHBF") and mandated certain obligations for paying normal costs, the present value of the estimated retiree health benefits attributable to active employees' current year of service, and amortization payments for full prefunding of retiree health benefits. These prefunding obligations, described in greater detail below and in Note 10 - Health Benefits Plans, are unlike expenses imposed on most other federal entities or private-sector businesses that offer such benefits If you combine the two rows you 5,143 (mil) + 3,495 (mil) for a total of... $8.6 billion; which, would be a profit for the year. And that's during COVID while inefficiencies are being introduced to try and worsen their service and abilities (like pointless budget cuts).
- 6bb32646d83d 6y agoPensions are something they will have to pay. You can't just not pay into it and say you're now making a profit. That's how you end up with the situation in Illinois or California