"The Postal Reform Act of 2006 requires the Postal Service to prepay into an employee retirement fund each year to ensure that its increasing financial woes will not leave taxpayers shouldering costs. The Postal Service hopes Congress will release it from this obligation," reports the Washington Post. "That it already cannot afford such payments only reinforces the wisdom of the requirement: If Congress ends pre-funding, taxpayers will pay the price. But it might make sense to reevaluate the assumptions about workforce size and composition that serve as the basis for the requirement, which could lead to a decrease in these payments by billions a year. If Congress agrees -- as it did last year -- to let the USPS delay payments, it must make sure the Postal Service can undertake the reforms it so badly needs."
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June 21 2010 08:18 AM
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