Re:No More Cheap Shipping for Chinese Sellers
by duskwuff on Tuesday August 27, 2019 @12:28PM
(#20811468)
Fully funding pensions out to 50 years in the future goes beyond "fiscally responsible". Consider that the nominal working lifetime of an employee is only 47 years (18 - 65) -- they're being required to fund pensions for hypothetical employees who are still in high school.
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Re:No More Cheap Shipping for Chinese Sellers
by zone411 on Tuesday August 27, 2019 @01:52PM
(#20812551)
Postal workers' retirement age is 55-57 (https://about.usps.com/manuals/elm/html/elmc5_058.htm).
Re:No More Cheap Shipping for Chinese Sellers
by duskwuff on Tuesday August 27, 2019 @01:59PM
(#20812607)
Oh, ha -- so then change "high school" for "grade school". Either way, it seems ridiculous to require a pension to be fully funded years before its beneficiary is even hired.
Re:No More Cheap Shipping for Chinese Sellers
by reallydude on Tuesday August 27, 2019 @12:35PM
(#20811561)
Talking about people in high school who will end up in public service is irrelevant.
Having more money in the bank than you take out for a car loan is fiscally responsible. Not exactly. More than. That's WITHOUT your holdings (bank account balance) being subject to market forces, which is a compelling reason.