Quote:
Originally Posted by elysiantraveller
The USPS is required by law to fund it's retirement account upfront. An absurd stipulation put on it by congress.
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That's why most businesses no longer have pensions. The govt at all levels needs to take a page from private business and get out of guaranteed pensions. Just provide deferred compensation plans (similar to 401k) and add an employer benefit to it. If private company employees can only get 401k's, why can't public employees live the same? These pensions are costing we the people a small fortune to fund.
