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Prefund of its retiree benefits - a key contributor to the USPS current fiscal plight?



 
 
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  #1  
Old March 17th 19, 11:35 PM posted to rec.collecting.stamps.discuss
Victor Manta
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Posts: 1,246
Default 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"?

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  #2  
Old March 18th 19, 03:20 PM posted to rec.collecting.stamps.discuss
Sir F.A. Rien[_2_]
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Posts: 117
Default 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 agencys 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 agencys
_current_ fiscal plight"?

Usual governmental 'accounting' and passing the blame!

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  #3  
Old March 21st 19, 09:13 PM posted to rec.collecting.stamps.discuss
Victor Manta
external usenet poster
 
Posts: 1,246
Default 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

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