XPost: or.politics, alt.politics.trump, alt.fan.rush-limbaugh   
   From: bn@wy.no   
      
   On Wed, 19 Feb 2025 09:01:26 -0500   
   -hh  wrote:   
      
   > > due to the amortization of unfunded retiree pension liabilities and   
   > > non- cash workers' compensation adjustments.     
   >    
   >    
   > Good catch; I'd forgotten about that.   
   >    
   > FWIW, I'd love to see what private enterprise would be able to be    
   > profitable if they had to meet the same forward funding requirement   
      
      
      
   https://apwu.org/usps-fairness-act   
      
   For over a decade, the United States Postal Service has been plagued   
   with the onerous burden of prefunding its retiree health care benefits   
   as mandated by the Postal Accountability and Enhancement Act (PAEA) of   
   2006. The mandate requires the Postal Service to prefund its retiree   
   health care benefits 75 years in advance, paying for retirement health   
   care for individuals who haven’t been born yet, let alone enter the   
   workforce.   
      
      
   The Problem   
   Since 2013, the prefunding mandate is responsible for most of the   
   Postal Service’s net losses, and it has defaulted on its prefunding   
   payments since 2012. No other federal agency or private sector business   
   prefunds its retirement benefits. The uncertainty inherent in   
   satisfying the PAEA prefunding mandate is creating real instability in   
   the Postal Service’s operations. The postal employees we represent see   
   the consequences of this instability in their work, their workplaces,   
   and in the service they provide the public.   
      
   https://news.nd.edu/news/postal-service-losing-money-because-of-   
   ongressional-mandate-not-low-prices-expert-says/   
      
   The solution, O’Rourke says, would involve three steps:   
      
   “First, repeal the pre-funding mandate and use the accumulated reserves   
   to fund future pay-as-you-go costs,” he said. “That reserve now has   
   about $47 billion on deposit. Second, adopt generally accepted   
   accounting principles to determine postal service liabilities. Nearly   
   every for-profit business in this country does exactly that. And third,   
   provide Medicare for future USPS retirees. This is precisely what   
   military retirees are required to participate in.”   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)