Earlier quoted context omitted.
> That would be nice but [insert financing excuse here] others cant do it too. I don’t know what this means. >Yes but forcing just USPS to do it was an attack on USPS because it has to compete with private companies. FedEx and UPS are subject to the same pension and retirement benefit funding requirements as USPS. It’s only government entities that aren’t regulated (because politicians like to be able to pay current…
>FedEx and UPS are subject to the same pension and retirement benefit funding requirements as USPS. No they FedEx and UPS were required to prefund pensions in the 1970s, but they were given 40 years in which to do it. USPS was given 10 years. In addition USPS was required to prefund retirement medical benefits, and unlike a private company who can cut retirement medical benefits at any time, USPS requires an act of c…
Also, I find it ridiculous that retirement medical benefits can just be cut anytime, as they are part of the compensation agreement. It's just a fluke of the law that it was never enshrined like defined benefit pensions were.
I don't see where the USPS is required to use T-bill rates to value liabilities in the tex of the PAEA law:
https://www.govtrack.us/congress/bills/109/hr6407/text
>who shall hold membership in the American Academy of Actuaries and shall be qualified in the evaluation of pension obligations, to conduct a review in accordance with generally accepted actuarial practices and principles and to provide a report to the Commission containing the results of the review.