Costs are covering USPS pensions to be fully funded for employees that are not even born yet. stupid requirement that gives UPS and FedEx an advantage in some respects
This is true and it makes up the large bulk of the annual operating deficit of the Postal Service. However, most people on the street see USPS pensions as freebies to postal workers who work 25 or 30 years. Far from true. Average postal workers
contribute more than $100,000 to their pension plans over their careers.
Another misconception: federal retirees get free healthcare. Wrong. Retirees pay 40% of their annual health insurance premiums.