What the Post Office needs is an end to the legislation that has caused this mes... | Hacker News

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adestefan on Sept 7, 2011 | parent | context | favorite | on: Are jobs obsolete?

What the Post Office needs is an end to the legislation that has caused this mess. The Post Office is the only entity in the entire country that is mandated by public law to pay 100% towards the future cost of a potential retirees benefits. Not of current retires, not of the guy that will retire in a year, but of every single person that maybe someday, even if it's 30 years away, cold retire from the Post Office. This is the payment that they would default on.

ww520 on Sept 7, 2011 | [–]

Congress is building up the piggybank to be raided. Where would the USPS' retirement fund being parked? In the US Treasury of course.

yummyfajitas on Sept 8, 2011 | [–]

The only government entity. Every private sector entity needs to fully fund their pension obligations.

http://thomas.loc.gov/cgi-bin/bdquery/z?d109:HR00004:@@@L...;

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