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Post office or Fedex?
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<blockquote data-quote="MondayLates" data-source="post: 2267412" data-attributes="member: 59705"><p>The primary reason they are struggling is because Congress has made a concerted effort to defund them as a first step towards privatization. They are required to fund their pension program 75 years into the future. FedEx and UPS would be just as ruined with such a plan.</p><p></p><p><em>"No other public agency or private enterprise in America is required to take on such a financially crippling burden as the pre-funding of future retiree health benefits," the statement said. "Because Congress has failed, as yet, to reform the pre-funding mandate (or to reduce its burden), the Postal Service has turned to a doomed cost- and service-cutting strategy that has the potential to drive business away."</em></p><p><em></em></p><p><a href="http://www.usnews.com/news/articles/2016-01-21/postal-service-unlikely-to-make-health-and-pension-payments" target="_blank">Postal Service 'Unlikely' to Make Health and Pension Payments</a></p></blockquote><p></p>
[QUOTE="MondayLates, post: 2267412, member: 59705"] The primary reason they are struggling is because Congress has made a concerted effort to defund them as a first step towards privatization. They are required to fund their pension program 75 years into the future. FedEx and UPS would be just as ruined with such a plan. [I]"No other public agency or private enterprise in America is required to take on such a financially crippling burden as the pre-funding of future retiree health benefits," the statement said. "Because Congress has failed, as yet, to reform the pre-funding mandate (or to reduce its burden), the Postal Service has turned to a doomed cost- and service-cutting strategy that has the potential to drive business away." [/I] [URL='http://www.usnews.com/news/articles/2016-01-21/postal-service-unlikely-to-make-health-and-pension-payments']Postal Service 'Unlikely' to Make Health and Pension Payments[/URL] [/QUOTE]
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