Earlier quoted context omitted.
Retirement benefits should be funded as they are accrued. That is not the problem. The problem is the USPS doesn’t have the power to price their products appropriately in order to pay for their expenses (including payroll which includes retirement benefits). If anything, all entities promising retirement benefits should be forced to do it the way USPS does. In fact, non government entities were forced to via the Pens…
>> Retirement benefits should be funded as they are accrued. That is not the problem. No, that really is the problem. Prefunding pension liabilities is something that literally no company or federal agency ever does, for obvious reasons.
https://www.cnbc.com/2011/10/24/the-truth-about-the-post-off...
> Although accounting rules require the postal service to calculate future liabilities, including those for projected future employees, the law only requires pre-funding of obligations to actual current and past employees