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If any company provided the retirement benefits USPS does and pre-funded them in the same manner HN would hail them as saints. They would be held up as proof t
by throwaway0a5e 6y ago
If any company provided the retirement benefits USPS does and pre-funded them in the same manner HN would hail them as saints. They would be held up as proof that BigCos don't need to act like greedy backstabbing jerks.
But because an ideologically driven congress mandated USPS fund its retirement contributions in a highly conservative way HN sees it as evil.
Frankly, I'm happy that a government institution isn't playing fast and loose with people's retirements (ask Illinois or New Jersey how that turns out). If that makes it hard to balance the books then congress should either kick in some $$ to cover the difference or let them change their rates.
- igorkraw 6y agoThe thing that's evil is exactly the part where that ideologically driven congress is also not allowing USPS to innovate or raise prices to raise the money, or to spread out the buildup of the pension fund over a longer time. I rarely see people complain about the pension fund per se