Re:USPS Service Standards Maps
by TMWNN on Tuesday March 29, 2022 @03:06PM
(#30846967)
>This burden applies to no other federal agency or private corporation."
Pensions for retired employees are, generally speaking, paid by the contributions of today's employees. No other federal agency has a business that is guaranteed to continue declining in volume and revenue. Congress recognized this in 2006; this is why said law was passed near unanimously. Better a decade of pain, than to not have USPS pensions fully funded in the future.
And as for the private companies that are also guaranteed to be declining in revenue, I bet a lot of retirees of newspaper publishing companies wish that their employers had been required to similarly bulk up their pension plans c. 2005.
Pensions for retired employees are, generally speaking, paid by the contributions of today's employees. No other federal agency has a business that is guaranteed to continue declining in volume and revenue. Congress recognized this in 2006; this is why said law was passed near unanimously. Better a decade of pain, than to not have USPS pensions fully funded in the future.
And as for the private companies that are also guaranteed to be declining in revenue, I bet a lot of retirees of newspaper publishing companies wish that their employers had been required to similarly bulk up their pension plans c. 2005.