[Vermont Lt]

In before the “anyone can deliver mail to every address in the country, every day, for less than the post office” crowd.

Take a look at the requirements of funding the postal retirement system. If they abolished the postal service the entire civil service retirement fund would immediately be insolvent. Congress has been raiding their pension fund to literally protect their own pensions.

If the average person understood this, their attacks on the Postal Service would not be as vicious.

[refreshed]

This is the true story that needs shouted from the rooftops. The USPS is VERY solvent if they weren’t forced into funding congress’ pensions in addition to other things.

[a fool in paradise]

In the 1990s, their bonuses paid out were on par with their budget shortfall.

In my industry, there was no bonus check if there was no profit/surplus.

[Buckeye McFrog]

If they abolished the postal service the entire civil service retirement fund would immediately be insolvent. Congress has been raiding their pension fund to literally protect their own pensions.

I suspect that is also why they are getting ready to pull the trigger on the Theresa Ghilarducci "force all those 401K's into a big centrally managed national pension plan" scheme.

[Moonman62]

Take a look at the requirements of funding the postal retirement system. If they abolished the postal service the entire civil service retirement fund would immediately be insolvent. Congress has been raiding their pension fund to literally protect their own pensions.

...

If somebody in the private sector did that they would be going to jail.