Quote:
Originally Posted by reckless
When you got all those raises over your 30-40 your career in the Post Office how much profit did the USPS show in those years? I assume pay raises and bonuses come from profits, no?
Also, many of those PO's upper level management types nationwide got yearly bonuses on a fairly regular basis despite the PO annually losing money, annually losing customers and annually becoming less and less efficient under their 'leadership'.
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In 2006, the Republican Congress passed the Postal Accountability and Enhancement Act, a blatant attempt to destroy USPS and replace it with a for profit postal system. The PAEA required USPS to pay up to $5.8B a year to fund future employee health benefits. I mean way future-like 75 years.
Were it not for those payments, USPS would have shown a surplus in 11 of the last 13 years.
As far as raises are concerned, aside from COLA, I do not recall a wage increase over 1.5% in the last 20 years before I retired and many times not even that. One of managements favorite tricks was to give a one time bonus in lieu of a pay raise. Which meant that the next time the contract came up your base was the same as it had been at the previous contract.