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It is still sustainable. The USPS is being forced to prepay its retirement benefits 75 years into the future (i.e. for people that aren't even alive yet or are
by ohyes 15y ago
It is still sustainable. The USPS is being forced to prepay its retirement benefits 75 years into the future (i.e. for people that aren't even alive yet or are just being born).
It has been profitable to the tune of a couple hundred million a year. The issue is that it can't afford to pay 5.5 billion that congress mandated that it pay each year. It is 20 billion in the hole, but only because congress made a ridiculous demand of it that no other organization, public or private would be required to make.
Citation: http://www.cnbc.com/id/45049636/Fixing_the_US_Postal_Service_s_Finances http://www.cnbc.com/id/45049636/Fixing_the_US_Postal_Service...