2. It included a 10 year prepayment period. This ended in 2016. It is 2020. Current USPS financial woes have nothing to do with that act. We are now in the follow-on period in which the USPS is intended to be amortizing its remaining unfunded liability over 40 years, to 2056. And this 40 year amortization period is exactly the same length of time as private-sector employers are given.
3. The USPS gets ~$18 billion in taxpayer funding/subsidies annually.
Fact is both parties receive significant financial incentives aimed at privatizing the Post Office. There is no benefit to the American people down that path.
That analysis is incomplete and inaccurate. 3 is particularly egregious. Compute it prior to the act, and the arguments evaporate.
Another fact: That bill was, and remains unnecessary, and is intended to undermine an otherwise exemplary service.
I won't respond to this again.
The poor rate structure and widely publicized losses are due to artificial and quite excessive benefit pre pay mandates going out decades and a rate structure mandated by Congress for political reasons.
These changes were made during the Bush Administration.