Postal Healthcare

The healthcare bill you don't know about at the Postal Service

"...A provision contained in the otherwise modest postal reform bill of December 2006 aims to pre-fund retiree health benefits with money that was overfunding the USPS's contribution to another government account. For the next 10 years, the Postal Service is required to direct more than $5 billion annually into pre-funding retiree health benefits. That's not enough to wipe clean the tab for taxpayers, but it is enough to make a prudent down payment...."

Reference: www.miamiherald.com

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