Re:The Billionaire Behind Efforts to Kill the U.S. Postal Se...
by coliveira on Thursday July 23, 2020 @01:34PM
(#23929881)
Let's run the numbers and see if it works the way you say: In 2005, the last year used by the 2006 congress law, the unfunded liabilities of USPS were determined as between $50 and 59 billion [1]. In 2006, congress required USPS to make 10 payments of $5.5 billion. This doesn't meet your characterization os a 1/30th of NPV each year! It is basically paying to whole NPV in a staggered 10 years pre-payment plan.
1: https://about.usps.com/who-we-are/financials/annual-reports/... (page 26)
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Did you not read my post where it said:
> The best answer is something like 1/5 of the NPV of their pension.
Of course nobody is required to pay the entire NPV of the pension today. For an employee that is retiring in 30 years they are required to pay 1/30th of the NPV of their pension each year. That's what the USPS is required to do. They're not being required to pay the entire cost of their employee pensions up front.