Hefty payments that both unions and management have claimed are “bankrupting” the U.S. Postal Service have been targeted again as an unreasonable imposition, this time from the service’s Inspector General, David C. Williams.
Since 2006, Congress has required the USPS to put roughly $5.5 billion a year into a fund for the health care of future retirees, paying off decades’ worth of obligations in just 10 years. Coming just as Americans began abandoning first-class mail for e-mail, the mandate was financially disastrous, and the service has defaulted on $22.4 billion in payments.
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you have an active digital subscription, then you already have an account here. Just reset your password, if you've not yet logged in to your account on this new site.
If you are a current print-only subscriber, and want access to our website,click here to view your options for changing you subscription level.
Otherwise, click here to view your options for subscribing.
Please log in to continue |