Shop Talk: Understanding Postal: The USPS Price Increase Request
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Business customers strongly oppose the price increase, arguing that the current conditions don't meet the intent of the law. They also point out that Congress itself played a key role in putting the USPS in its current dire financial state. One of the primary reasons for the USPS's financial crisis is legislation that requires it to pre-fund its employee retirement health benefits in a manner not required of any other federal agency. Several independent actuarial studies agree that the USPS's pre-funding amount has been miscalculated to the tune of $55 billion to $75 billion.
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- Companies:
- United States Postal Service
- Places:
- US
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