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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (14487)	4/3/2012 2:44:49 PM
From: Sdgla	1 Recommendation Read Replies (1) \| Respond to of 85487

You got to be kidding me. Fed Ex and UPS perform the very same function and the PO is only functioning because of Gov mandate of the monopoly. Somewhere between $5 and $8 Billion flushed every year.... What world do you live in where a vote is even necessary for that kind of cost ?

To: JBTFD who wrote (14487)	4/3/2012 2:49:44 PM
From: Brian Sullivan	1 Recommendation Respond to of 85487

The Pension benefits are an unsustainable cost for the Post Office. U.S. Postal Service to Stop Paying Into Worker Pension Fund By Angela Greiling Keane and John Hughes - Jun 22, 2011 12:51 PM PT The U.S. Postal Service, facing insolvency without approval to delay a $5.5 billion payment for worker health benefits, will suspend contributions to an employee retirement account to save $800 million this year. The Postal Service will stop paying employer contributions to the defined-benefit Federal Employees Retirement System, which covers about 85 percent of career postal workers, it said today in an e-mailed statement. The $115 million payment, made every other week, will stop on June 24, the statement said. bloomberg.com