“This massive downsizing and the bill’s assault on postal employee benefits are not necessary,” the letter says. “They are being driven by the irrational retiree health financing policy that no other business or agency would adopt. The Postal Service has already pre-funded decades of retiree health premiums, more than any other enterprise in America. Indeed, USPS has already set aside an estimated $49 billion for such premiums, approximately 50 percent of total expected costs over the next 90+ years.”
Posted on: Tue, 06 Aug 2013 11:40:23 +0000
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