Comment "ongoing financial pressure" (Score 5, Informative) 195
Do you know about the USPS 75-year pre-funding mandate?
In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service. The Postal Accountability and Enhancement Act (PAEA) required the USPS to create a $72 billion fund to pay for the cost of its post-retirement health care costs, 75 years into the future. This burden applies to no other federal agency or private corporation.
If the costs of this retiree health care mandate were removed from the USPS financial statements, the Post Office would have reported operating profits in each of the last six years. This extraordinary mandate created a financial “crisis” that has been used to justify harmful service cuts and even calls for postal privatization. Additional cuts in service and privatization would be devastating for millions of postal workers and customers.
https://ips-dc.org/how-congres...
No other government agency or any corporation has to deal with such a mandate, but now the USPS can make money but republicans can claim the lazy bureaucrats are wasting the taxpayers money.