It gripes me and it should you when politicians open their mouths about what they no nothing about with the sole purpose of taking a political shot.
“Makes no sense?” The same funding makes sense for every employer in the US offering similar benefits. Gee, from bartender to pension expert and actuary in a few months 😱
I urge you to read the full article at the link below.
Yes, I’ve written about the Post Office before, both back a year ago and at the beginning of the month. This article attempts to distill the issue into basics, a version of those articles, as concerns about the United States Postal Service’s short- and long-term viability continue. Also, I am discussing neither the general business model nor speculation as to the Trump administration’s intentions. Bearing that in mind, let’s begin:
MYTH: The Post Office is required to fund pensions in advance in a manner applies to no other private-sector company.