Re:U.S. Postal Workers Were on the Front Lines Before. They ...
by lotsofpulp on Monday April 13, 2020 @05:23PM
(#22860183)
#2 is not true about funding for employees not yet born. The law unfairly requires the USPS to save money for its accrued future promised benefits, especially healthcare benefits.
However, the problem isn’t that the USPS is required to recognize the cost of these benefits, the problem is no other governments are required to. There’s a reason only taxpayer funded entities offer retiree healthcare benefits, and that’s because it’s a ludicrously costly benefit to give if you don’t have the power to tax.
The same applies to defined benefit pensions. If anything, all other entities promising defined benefit and retiree healthcare benefits should be subject to the same laws. Maybe then, politicians and current taxpayers wouldn’t be able to steal from future taxpayers for today’s labor costs.
However, the problem isn’t that the USPS is required to recognize the cost of these benefits, the problem is no other governments are required to. There’s a reason only taxpayer funded entities offer retiree healthcare benefits, and that’s because it’s a ludicrously costly benefit to give if you don’t have the power to tax.
The same applies to defined benefit pensions. If anything, all other entities promising defined benefit and retiree healthcare benefits should be subject to the same laws. Maybe then, politicians and current taxpayers wouldn’t be able to steal from future taxpayers for today’s labor costs.
https://www.truthorfiction.com/is-usps-losing-money-because-...