
I have been doing some research trying to make sense of why the Congress requires the United States Postal Service to pre-fund health benefits for future retirees. The strategy causes the Post Office to struggle to make a profit. According to USPS Chief Financial Officer, Joe Corbett, the Post Office has about $22 billion in assets and a $113 billion in liabilities, including liabilities related to the “pre-funding” law imposed by Congress.
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What about a little role reversal? Now that the Congress has it all confused over the “pre-fund” law, perhaps the Court needs to step in and say that the pre-fund law is unconstitutional and serves as a deterrent to the Post Office’s primary mission to deliver the mail. Perhaps, that means electronically, by stamp, or some other fancy piece of technology, but the Congress is about to bankrupt an organization for reasons the public does not understand. I don’t understand, but I am still researching. I will let you know what I find.
Join in in asking the Congress – What is the purpose of the “pre-fund” law? It is a notion that has outlived its time because it should have never existed if it does not benefit and support the organization and that means the people.
P. S. Always Remember to Share What You Know.
Other LiteBlue & ADA Related Pages
Schedule A – What is Reasonable Accomodation
LiteBlue; Online Access to More Than Just Your USPS Earnings Statement
What Postal Employees Should Do On LiteBlue Before Retirement
Use LiteBlue to Manage your FEHB
Requesting Duplicate Postal Employee W-2 Forms Using LiteBlue