Comment Re:The problem is the funding of pensions... (Score 1) 338
Here is a link to a GAO report which specifies the 50 year period. From the Highlights:
PAEA required USPS to prefund its future retiree health benefits as part of comprehensive postal reform by establishing the PSRHBF along with an initial target period to fund the unfunded liability in 50 years.
It explicitly states on page 7 of the full report
Contrary to statements made by some employee groups and other stakeholders, PAEA did not require USPS to prefund 75 years of retiree health benefits over a 10-year period. Rather, pursuant to OPM’s methodology, such payments would be projected to fund the liability over a period in excess of 50 years, from 2007 through 2056 and beyond (with rolling 15-year amortization periods after 2041). However, the payments required by PAEA were significantly “frontloaded,” with the fixed payment amounts in the first 10 years exceeding what actuarially determined amounts would have been using a 50-year amortization schedule.
And I never claimed that the Republicans didn't try to block course changes to the PAEA afterwards. I said, accurately, that the NALC later lied about the Republicans having forced the original PAEA down their throat, in a bid for sympathy. It's ironic that you're accusing me of reading right-wing websites (though that's the sort of thing I'd expect rabid partisans on either side to say). The only link I gave was to a copy of an NALC web page, which I doubt you looked at. Reading something into the other person's statements that they never actually said is a sign of being partisan. Try working on that.