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Postal Service劌製 Share of CSRS Pension Responsibility
Postal Serviceäó»s Share of CSRS Pension Responsibility
Our Price: $20.00
By David C. Wiliams (ed)
Year: 2010
Pages: 39
Binding Paperback
ISBN 978-1-4578-3805-7

Product Code: 1457838052

This study demonstrates that the current system of funding the U.S.Postal Service劌製 (USPS) Civil Service Retirement System pension responsibility is inequitable and has resulted in the USPS overpaying $75 billion to the pension fund. If this amount were returned to the USPS, it would create a pension surplus that could be transferred to the USPS劌製 health benefits fund. The transferred amount would fully meet all of the USPS劌製 accrued retiree health care liabilities and eliminate the need for the required annual payments of more than $5 billion.  Also, the health benefits fund could immediately start meeting its intended purpose 劌 paying the annual payment for current retirees. This payment was $2 billion in 2009. For the third time, the USPS has been overcharged for its pension obligations. This paper is part of a series on disadvantageous entanglements between the USPS and the federal government, with the common theme that the legacy entanglement between the USPS and the federal government has adversely affected the USPS劌製 financial position, hindered its ability to operate efficiently in a business-like matter, and retarded its transformation under the Postal Accountability and Enhancement Act.   Figures and tables. This is a print on demand report.

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