"Representative Issa, leader of the House Oversight and Government Reform Committee, now wants to end all at-home delivery by the year 2022. Before you can understand why they are doing this, you need to understand the problems facing the Post Office. Prior to 2006, the US Postal Service workers have a retiree health care benefit in addition to their pension. Before Congress passed the Postal Accountability and Enhancement Act of 2006 (or PAEA), the USPS operated under a pay-as-you-go model for retiree health care funding. In 2006, the Congress passed the Postal Accountability and Enhancement Act of 2006, and was eventually signed by then President Bush. The bill stated that the Post Office had to pre-fund its future health care benefit payments to retirees for the next 75 years in just a ten-year time span. In other words, they have to pay for health benefits for employees that A. have not even been hired yet and B. theoretically, have not been born yet. No other government or private corporation is required to do this."
Posted on: Mon, 29 Jul 2013 15:06:35 +0000
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