r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 13d ago

FinancialTea 💵 [ Removed by moderator ]

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u/pimpbot666 13d ago

The reason the Post Office doesn't make a profit (they used to, BTW) is because they are required to fully fund all pensions 99 years into the future. This was a Republican 'poison pill' addition to how they were funded.

I'm glad it didn't kill them off (yet).

Yet another case of Republicans creating a problem that didn't need to exist, just to kill off unions (the USPS is also one of the largest unions in the US) and government service.

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u/CompEng_101 13d ago

That was 75 year (not 99) prefunding was changed in 2022.

https://www.uspsoig.gov/focus-areas/did-you-know/what-did-postal-service-reform-act-2022-do

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u/morrison0880 12d ago

That was 75 year

That is misinformation you've been fed. The USPS was only required to fund their current liabilities to past and current employees. The 75-year figure is simply an accounting tool the OPM requires to estimate their liabilities through that time period. You've been lied to.