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It is retiree health care that has to be pre-funded, through 2016. The USPS was operating that benefit program as pay-as-you-go, which was creating a huge unfun
by newbie12 14y ago
It is retiree health care that has to be pre-funded, through 2016. The USPS was operating that benefit program as pay-as-you-go, which was creating a huge unfunded liability for taxpayers.
http://www.cnbc.com/id/45018432/The_Truth_About_The_Post_Office039s_Financial_Mess http://www.cnbc.com/id/45018432/The_Truth_About_The_Post_Off...
- jellicle 14y agoNo. The USPS has to prefund the next 75 years' worth of estimated healthcare expenses. If they estimate that someone will need healthcare in the year 2088, they have to put money aside for it today. That bullshit requirement which no other company or institution in the world labors under is creating an artificial cashflow crisis at the USPS.