Prefund of its retiree benefits - a key contributor to the USPS current fiscal plight?
I read as follows:
"The 2006 Postal Accountability and Enhancement Act requires the Postal Service — unlike other government entities — to prefund its retiree benefits well into the future, a massive expenditure that many have pointed to as a key contributor to the agency’s current fiscal plight. According to an Aug. 31, 2018, report by the U.S. Government Accountability Office, the Postal Service has not made its required payments to the fund since 2010." Source: https://www.linns.com/news/postal-up...-fund-payments Can anyone explain how payments that weren't done by USPS "since 2010" (that means over 9 years) could become a "key contributor to the agency’s _current_ fiscal plight"? |
Prefund of its retiree benefits - a key contributor to the USPS current fiscal plight?
"The 2006 Postal Accountability and Enhancement Act requires the Postal
Service — unlike other government entities — to prefund its retiree benefits well into the future, a massive expenditure that many have pointed to as a key contributor to the agency’s current fiscal plight. According to an Aug. 31, 2018, report by the U.S. Government Accountability Office, the Postal Service has not made its required payments to the fund since 2010." Can anyone explain how payments that weren't done by USPS "since 2010" (that means over 9 years) could become a "key contributor to the agency’s _current_ fiscal plight"? Usual governmental 'accounting' and passing the blame! --- This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus |
Prefund of its retiree benefits - a key contributor to the USPS current fiscal plight?
"Sir F.A. Rien" wrote in message
... "The 2006 Postal Accountability and Enhancement Act requires the Postal Service — unlike other government entities — to prefund its retiree benefits well into the future, a massive expenditure that many have pointed to as a key contributor to the agency’s current fiscal plight. According to an Aug. 31, 2018, report by the U.S. Government Accountability Office, the Postal Service has not made its required payments to the fund since 2010." Can anyone explain how payments that weren't done by USPS "since 2010" (that means over 9 years) could become a "key contributor to the agency’s _current_ fiscal plight"? Usual governmental 'accounting' and passing the blame! Yes, unfortunately. Victor Manta, PWO ---------------------------------------------------------------------------- Philatelic Webmasters Organization: http://pwmo.org/ Art on Stamps: http://artonstamps.org/ Romania by Stamps: http://marci-postale.com/ Communism on Stamps: http://reds-on.postalstamps.biz/ Spanish North Africa: http://www.sna-on.postalstamps.biz/ ---------------------------------------------------------------------------- |
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