Unions Say Postal Default Is a Big Lie | Labor Notes

14 Oct

The unions argue that there’s plenty of money to continue the current level of service and honor workers’ contracts. It’s just tied up because of a 2006 law which requires the Postal Service to put away enough money, over 10 years, to fund 75 years of retiree health benefits—about $5.5 billion each year.

“It’s the only entity in the U.S. that has to do that,” said Albany postal worker Jeff Levitt. “That’s created much of the deficit the Postal Service faces.”

via Unions Say Postal Default Is a Big Lie | Labor Notes.

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