06-19-2014, 12:54 PM
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#31 (permalink)
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Senior Member
Join Date: May 2007
Location: Georgetown, Ontario, CANADA
Posts: 1,328
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Quote:
Originally Posted by robotparker
The problem isn't that the USPS is being required to pre-fund their retirement funds, the problem is that they were asked to pre-fund retirements for the next 75 years. They're having to squirrel away money for employees that aren't even born yet. No other public or private institution has ever been required to do this! It was a blatant attempt by the Bush administration to sink the postal service and the postal union. Before the pre-funding mandate, the USPS was actually quite profitable. More info here: http://deliveringforamerica.com/reso...heet_final.pdf
I've had good and bad experiences with the USPS, Fed Ex, and UPS. Life is a grab bag. But in the interest of full disclosure: I am a former postal employee, who has sometimes been described by friends as being cold, unaccommodating, and prone to sarcastic sighs and eye-rolls.
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The article is clearly one-sided though. What benefits were CUT before this huge financial burden was forced upon USPS? I'm going to guess "slim to none". In the private sector, that's where companies would start... cutting benefits and therefore inherent costs. I've worked for solid, profitable companies where benefits were cut to the point of sucking ass. I can't say I've ever heard anyone from USPS complaining about their coverage.
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