They have a budget of around 100 million in tax $. It is called the Postal Service Fund. Considering what our egg headed leaders are spending now, it is a drop in the bucket.
The PSF is mainly for disability type mailings, oversea ballots and some other stuff.
Yes Larry it is the Pension that is killing the post office. It is around 5-6 billion per year. The are the only government agency that has to pre-fund it. If all governmental agencies had to pre-fund their pension we would be very very very broke. Unfortunately Pension are killing everything. They were poorly designed.
The PSF is mainly for disability type mailings, oversea ballots and some other stuff.
Yes Larry it is the Pension that is killing the post office. It is around 5-6 billion per year. The are the only government agency that has to pre-fund it. If all governmental agencies had to pre-fund their pension we would be very very very broke. Unfortunately Pension are killing everything. They were poorly designed.