[dinodino]

You’re not accurately describing what happened. The Congress required the USPS to prefund its pension liabilities for the next 75 years because it doesn’t make a profit, and the idea was to make sure that workers’ retirement would actually be paid for by the USPS, instead of the USPS defaulting and asking the taxpayer to pick it up.

Tell me where I am wrong.

[muawiyah]

No, it wasn't asked to prefund it's pension liabilities ~ the issue was health insurance for 'FUTURE RETIREES" ~ the prefunding language is inadequate to the task ~ none of the proposed beneficiaries are even employees!

The trick had to do with reducing the deficit. This is part of the smoke and mirrors sort of thing ~ I gather some of the folks in Congress who voted for this imagined that USPS is just like other agencies and can just draw on the treasury willy nilly.

BTW, USPS is more than current on prefunding retirement funds ~

[muawiyah]

The other part where you are really wrong is that Congress gave a damned about any of this.

USPS is the ONLY Federal agency that has met funding requirements for both CSRS and FERS ~ O N L Y!!!!!

They have overpaid by $78 billion.

ALL OTHER FEDERAL agencies have failed to meet funding requirements for both systems and are BILLIONS in arrears.

If Congress cared that wouldn't be the case!