The USPS pays OPM for their retirements IN ADVANCE and it also pays FEHB for their medical insurance costs IN ADVANCE ~ actually 5 years in advance.
You want me to think of you as Ol'Massa 'cause YOU pay the bills and yet you're just a leach on postal delivery services. You get that for free. Lord only knows if you actually pay your postage or maybe jury rigged your meter head to get free postage, but if you have, Heaven help you.
No, you are not my master. You didn't pay me out of your taxes.
Now you know.
BTW, you could have discovered that by reading my homepage on FR and thinking about it.
You are misinformed perhaps intentionally about the USPS. The USPS is heavily subsidized in addition to its legal monopoly. Postal rates will not come close to covering retirement costs. The USPS like the rest of the federal government does not have a portfolio to fund its retirement (pension and health care) benefits. According to this CATO report,
“Unfortunately, the U.S. Postal Service also is effectively bankrupt. The USPS expects to lose about $7 billion this year. The post office already has borrowed roughly $13 billion from Uncle Sam. At the end of 2009, USPS had $33.5 billion in outstanding liabilities and another $54.8 billion in unfunded retiree health and pension obligations.”
Your definition of earn is laughable. Earn implies an arm’s length transaction between buyer and seller. Government labor cartels have vociferously lobbied for total compensation far above market levels. USPS management has an inherent conflict of interest with taxpayers.
The USPS like the rest of the federal government is a train wreck with no possible way to meet its future liabilities. Your assertions are false, similar to propaganda from labor cartels.