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To: muawiyah
$75 billion means the USPS did not negotiate in good faith with the unions...

I thought that the $75 billion excess came from mandatory calculation methods imposed upon them by regulators and Congress, as opposed to any kind of duplicity or bad faith on their part.

41 posted on 08/05/2010 10:27:03 AM PDT by mvpel (Michael Pelletier)
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To: mvpel
No, it's bad faith. Exclusive of the retirement system where the OPM is dictating benefits, you have a total estimated cost package that's presented by the USPS to the unions as "here it is guys".

If they are letting money be sucked off the top by the retirement system that has an impact on the amount of variable costs which are going to be looked at to estimate relative pay levels for different crafts and a host of specialty occupations.

USPS owes it, as a good faith matter, to LOOK AT WHERE IT'S SPENDING THE MONEY and to make sure that it is being spent correctly.

This is like the THIRD TIME USPS has been caught (in terms of billions of dollars) failing to watch what it pays OPM!

Maybe the first time it was a surprise, but the second time? And now, a third time, and the dollar values just keep growing. It's BAD FAITH.

At some point here I think we are speaking of criminal acts on the part of Postal management and OPM retirement system analysts and managers.

45 posted on 08/05/2010 10:32:59 AM PDT by muawiyah
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