2 ms·
The USPS may not be an ideal case study, since it is the only entity that is required to pre-fund 75 years worth of health benefits to employees. http://about.
by sc68cal 15y ago
The USPS may not be an ideal case study, since it
is the only entity that is required to pre-fund 75 years
worth of health benefits to employees.
http://about.usps.com/news/national-releases/2011/pr11_102.htm http://about.usps.com/news/national-releases/2011/pr11_102.h...
"Without enactment of legislation by the end of this month, the Postal Service faces default, as funds will be insufficient to make a congressionally mandated $5.5 billion payment to pre-fund retiree health benefits, Postmaster General Patrick Donahoe told a Senate committee today."
This was a manufactured crisis, passed by a lame duck Republican congress in 2006. See Title VIII - Postal Service Retirement and Health Benefits Funding in the following link:
http://www.govtrack.us/congress/bill.xpd?bill=h109-6407 http://www.govtrack.us/congress/bill.xpd?bill=h109-6407
Yes - E-mail has made an impact on the USPS' bottom line, but it's because of POLITICS that the USPS is in such bad shape.
- ricardobeat 15y agoSpecially considering that the average volume/weight/cost by package must have increased tenfold because of e-commerce.