Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Bigger than USPS
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UPSJUNKIE" data-source="post: 4363490" data-attributes="member: 14303"><p>My understanding is not "years in advance" but as the work is done...just like the private sector. Prior to about 10 years ago, the USPS treated pensions like the federal government does...pay them out of current revenues to current retirees. The private sector has to pay into a retirement plan each year as the work is performed and retirement entitlement is accrued. The USPS bitches about that, but since they are an off-book agency, that is exactly how they should be paying their retirement obligations--as the debts are incurred.</p></blockquote><p></p>
[QUOTE="UPSJUNKIE, post: 4363490, member: 14303"] My understanding is not "years in advance" but as the work is done...just like the private sector. Prior to about 10 years ago, the USPS treated pensions like the federal government does...pay them out of current revenues to current retirees. The private sector has to pay into a retirement plan each year as the work is performed and retirement entitlement is accrued. The USPS bitches about that, but since they are an off-book agency, that is exactly how they should be paying their retirement obligations--as the debts are incurred. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Bigger than USPS
Top