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Permanut

(8,278 posts)

5. In 2006, the Postal Accountability and Enhancement Act was passed..

Reply to turbinetree (Original post)

Fri Mar 6, 2026, 09:57 PM

Friday

by the Republican controlled Congress during the administration of George W Bush.

It required the US Postal Service to fully fund retiree benefits for 75 years, at a cost of over 50 billion dollars - to be paid over 10 years.

This requirement is unique; no other agency has anything remotely like it. Makes the financial statements look bad.

I don't suppose that Fedex and UPS had anything to do with this. On second thought, yes I do.