Re: Is the US Postal Service disappearing?

Born to be WillD /
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there seems to be a lot of confusion on the why, usps operates well but (like other companies too) is required to prefund pensions, which increased to include retirement medical funding in 06 and they defaulted on after 2009, instead trying to keep enough liquid cash out of pensions that they could keep up operations and keep them inexpensive, so this combo of trying to do things cheaply and reliably conflicted with mandated obligations to employee retirement and amassing some losses. looks bad.

and it seems like the usps fairness aims to basically do that - cut it's requirement to prefund retirement medical. at the same time prefunding could be benficial by being able to invest that money too so it's not an obvious win. And I think that's why it was mandated - it should result in less total spending, but then we had recessions and a reduction in mail volume kinda right at the worst time. and there was a little relief but stopped short, we probably should've eased the requirements during it's toughest years but didnt

but alos, if the biggest issue is requiring retirement medical, it should be possible to address by simply relying on Medicare, though that would reduce the employee retirement medical benefits - I don't actually know ebough about it. they tried it but it failed to pass

HOWEVER it does seem like the current push is to point at this and rather than address the issues is to use them to justify drastic cuts in functionality and we run into this issue of whether the postal service is a service or a business

UPS has pretty awesome pay and benefits and pension too, and fedex puts tons into retiree healthcare as well, it's just usps is heavier on the day to day to make up for being underfunded

that and they get gvt employye bennies which are sweet but $$. so how do you you reduce the generous benefits, that'd be shitty. but maybe necessary

At any rate, the USPS is a necessary service and very beneficial for small business, home delivery to elderly, affordable reliable shipping etc and efforts to "save" it by dismantling it's effectiveness seem really counterproductive and very out of line with it's problems.

It does seem like it's being run like a business, but a business where the owners intend to cash out and dismantle it

This single post is part of a larger thread. Start from the top or view this post in context.
Subject Written By Posted
  Is the US Postal Service disappearing?Topic by: Rich Condor Rich Condor 08/26/20 05:58PM
  Re: Is the US Postal Service disappearing?Re: Blake MD No PM Plz Blake MD No PM Plz 08/26/20 08:01PM
  Re: Is the US Postal Service disappearing?Re: kevy Piepkorn kevy Piepkorn 08/30/20 03:14PM
  Re: Is the US Postal Service disappearing?Re: The Dude The Dude 08/26/20 09:17PM
  Re: Is the US Postal Service disappearing?Re: Blake MD No PM Plz Blake MD No PM Plz 08/26/20 09:36PM
  Re: Is the US Postal Service disappearing?Re: Enzo Swoop Enzo Swoop 08/26/20 09:45PM
  Re: Is the US Postal Service disappearing?Re: Dave & Bummerzz Dave & Bummerzz 08/26/20 10:17PM
  Re: Is the US Postal Service disappearing?Re: Island Breeze Swoop Island Breeze Swoop 08/26/20 11:17PM
  Re: Is the US Postal Service disappearing?Re: The Dude The Dude 08/26/20 10:03PM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/26/20 10:23PM
  Re: Is the US Postal Service disappearing?Re: Dave & Bummerzz Dave & Bummerzz 08/26/20 10:26PM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/26/20 10:29PM
  Re: Is the US Postal Service disappearing?Re: Enzo Swoop Enzo Swoop 08/26/20 10:36PM
  Re: Is the US Postal Service disappearing?Re: live ɘvil live ɘvil 08/28/20 10:07AM
  Re: Is the US Postal Service disappearing?Re: punkrock randy punkrock randy 08/27/20 07:35AM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/26/20 10:37PM
  Re: Is the US Postal Service disappearing?Re: Overpriced Parts Overpriced Parts 08/26/20 10:39PM
  Re: Is the US Postal Service disappearing?Re: Papa _ Papa _ 08/27/20 02:54AM
  Re: Is the US Postal Service disappearing?Re: punkrock randy punkrock randy 08/27/20 07:40AM
  Re: Is the US Postal Service disappearing?Re: Bas Autowas Bas Autowas 08/27/20 08:14AM
  Re: Is the US Postal Service disappearing?Re: Dirty30 Dillon Dirty30 Dillon 08/27/20 09:31AM
  Re: Is the US Postal Service disappearing?Re: Rich Condor Rich Condor 08/27/20 01:10PM
  Re: Is the US Postal Service disappearing?Re: Born to be WillD Born to be WillD 08/27/20 01:24PM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/27/20 05:13PM
  Re: Is the US Postal Service disappearing?Re: Pops Peds Pops Peds 08/27/20 07:21PM
  Re: Is the US Postal Service disappearing?Re: Bas Autowas Bas Autowas 08/28/20 07:02AM
  Re: Is the US Postal Service disappearing?Re: Honest Mike Honest Mike 08/27/20 08:46PM
  Re: Is the US Postal Service disappearing?Re: punkrock randy punkrock randy 08/27/20 09:55PM
  Re: Is the US Postal Service disappearing?Re: Pops Peds Pops Peds 08/28/20 08:48AM
  Re: Is the US Postal Service disappearing?Re: Bas Autowas Bas Autowas 08/28/20 09:09AM
  Re: Is the US Postal Service disappearing?Re: Pops Peds Pops Peds 08/28/20 11:46AM
  Re: Is the US Postal Service disappearing?Re: Bas Autowas Bas Autowas 08/28/20 11:52AM
  Re: Is the US Postal Service disappearing?Re: Born to be WillD Born to be WillD 08/28/20 12:48PM
  Re: Is the US Postal Service disappearing?Re: Pops Peds Pops Peds 08/28/20 03:04PM
  Re: Is the US Postal Service disappearing?Re: Bas Autowas Bas Autowas 08/28/20 03:20PM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/28/20 03:25PM
  Re: Is the US Postal Service disappearing?Re: Bas Autowas Bas Autowas 08/28/20 03:32PM
  Re: Is the US Postal Service disappearing?Re: live ɘvil live ɘvil 08/28/20 05:38PM
  Re: Is the US Postal Service disappearing?Re: Pops Peds Pops Peds 08/28/20 05:35PM
  Re: Is the US Postal Service disappearing?Re: Blaine- The artist formerly known as Plumber Crack "(OFMC)" Blaine- The artist formerly known as Plumber Crack "(OFMC)" 08/28/20 05:41PM
  Re: Is the US Postal Service disappearing?Re: live ɘvil live ɘvil 08/28/20 11:09PM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/29/20 11:51PM
  Re: Is the US Postal Service disappearing?Re: Stephen Keller Stephen Keller 08/30/20 02:27AM
  Re: Is the US Postal Service disappearing?Re: Papa _ Papa _ 08/30/20 04:43AM
  Re: Is the US Postal Service disappearing?Re: Stephen Keller Stephen Keller 08/30/20 01:30PM
  Re: Is the US Postal Service disappearing?Re: Don Ohio Don Ohio 08/31/20 12:27AM
  Re: Is the US Postal Service disappearing?Re: punkrock randy punkrock randy 08/31/20 06:49AM
  Re: Is the US Postal Service disappearing?Re: Stephen Keller Stephen Keller 08/31/20 02:46AM

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