Hefty payments that both unions and management have claimed are “bankrupting” the U.S. Postal Service have been targeted again as an unreasonable imposition, this time from the service’s Inspector General, David C. Williams.
Since 2006, Congress has required the USPS to put roughly $5.5 billion a year into a fund for the health care of future retirees, paying off decades’ worth of obligations in just 10 years. Coming just as Americans began abandoning first-class mail for e-mail, the mandate was financially disastrous, and the service has defaulted on $22.4 billion in payments.
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