Originally Posted by NormanBuntz
Originally Posted by dbias
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.
I know a guy who retired after 10 years. His pension is so small that he has to pay for his health insurance after accounting for the pension amount. The guy that does the pension told him he was the only guy who had to pay instead of getting a check. I guess most people don't retire after 10 years .
Originally Posted by BigD1
The price we pay for subsidizing Amazon deliveries.
Amazon isn't subsidized, it's those foreign shipments from China, the post office lost $300 million on those, but now that they pulled out of the pact, that may change.
https://sellercentral.amazon.com/fo...rom-the-chinese-on-postal-rates/424113/9