http://www.usps.com/communications/newsroom/testimony/2010/pr10_pdonahoe1202.htm
“STATEMENT OF
POSTMASTER GENERAL/CEO-DESIGNATE PATRICK R. DONAHOE
BEFORE THE
SUBCOMMITTEE ON FEDERAL FINANCIAL MANAGEMENT,
GOVERNMENT INFORMATION, FEDERAL SERVICES,
AND INTERNATIONAL SECURITY
UNITED STATES SENATE
DEC. 2, 2010...
Let me share just a snapshot of our overall performance for FY 2010. Mail volume declined 3.5 percent. Our total net loss for the fiscal year was $8.5 billion. This loss consisted of a $500 million loss from our controllable operations, plus $5.5 billion of pre-funding for Retiree Health Benefits (RHB), plus a $2.5 billion non-cash adjustment to our workers’ compensation liabilities driven mostly by changes in interest rates. “
Losses 8B workers comp, .5B other .
I know a former mail carrier who left with full time 'disability' for a bad back. His wife had a brand new spanking baby about nine months later. So much for that 'bad back' disability.