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Post Office Insolvency: Less Now or More Later

Greg19 Wrote: Apr 18, 2012 12:44 PM
Postal Accountability and Enhancement Act of 2006 (PAEA). Under PAEA, USPS must prefund its future health care benefit payments to retirees for the next 75 years in a ten-year time span.
Author's note: I'll have a full-length piece dealing with the impending Post Office bankruptcy and potential reform measure's coming up in Townhall Magazine. If the future of the USPS concerns you, you won't want to miss it.

That's the dilemma that faces policymakers when it comes to USPS reform. The Post Office will be in much more dire financial circumstances the more they kick the can down the road. Sens. Joe Lieberman, Susan Collins, Scott Brown and Thomas Carper have co-sponsored legislation that would start structural reforms of the USPS while allowing employee buyouts.