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Old 01-29-2023, 09:34 PM   #31
davew
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I was not aware of that. However it does not change what I said.I was referring to ongoing subsidies. You’re talking about a bailout paid out over a course of ten years. A bailout necessitated by the requirement to prepay pensions for 75 years. Something no one else is required to do.
People can be on pensions for 75 years? the company might not be around in 75 years competing against UPS, FedEx, and soon to be AMAZON ....

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Old 01-29-2023, 10:46 PM   #32
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I was talking to a guy last summer who said they got paid for 8 hours and then no overtime until after 12 hours on that shift. He was a rural route driver who routinely had 11-13 hour shifts.
USPS employees get paid time and a half for anything over eight hours in a day or forty hours in a week. They get double time for anything over 12 hours a day and 60 hours a week. I don’t know what the rules are for contract employees and I am not familiar with who is a rural route driver.

Is that a carrier who delivers mail to homes on a rural route. Or is that someone who drives a semi and delivers mail to post offices from Sectional Centers and vice versa. Those were almost always contractors.
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Old 01-29-2023, 11:02 PM   #33
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People can be on pensions for 75 years? the company might not be around in 75 years competing against UPS, FedEx, and soon to be AMAZON ....
THAT’S NOT WHAT I SAID.

Because of a law passed during the GW Bush administration, USPS had to have funds on hand today to satisfy pension obligations for people retiring in 2098. People who are not even in the workforce today. The law which provided for the so called bailout, ended that requirement. By the way, that bill passed the Senate 78-19.

As to whether USPS will be around in 75 years, I don’t know. But even if it isn’t, any remaining retirees must receive their pensions.


Just so everyone understands, before the law was repealed, that 75 years was a constantly moving target.
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Old 01-29-2023, 11:06 PM   #34
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People can be on pensions for 75 years? the company might not be around in 75 years competing against UPS, FedEx, and soon to be AMAZON ....
Funny thing is USPS delivers Amazon packages. Not so funny is they lose money on everyone.
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Old 01-30-2023, 01:32 AM   #35
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THAT’S NOT WHAT I SAID.

Because of a law passed during the GW Bush administration, USPS had to have funds on hand today to satisfy pension obligations for people retiring in 2098. People who are not even in the workforce today. The law which provided for the so called bailout, ended that requirement. By the way, that bill passed the Senate 78-19.

As to whether USPS will be around in 75 years, I don’t know. But even if it isn’t, any remaining retirees must receive their pensions.


Just so everyone understands, before the law was repealed, that 75 years was a constantly moving target.
That can not be correct, please link the law.

Amazon is now delivering much of their own near distribution centers and heavily populated areas. Now they are using USPS for their loss shipping. Just like people used to mail small boxes of bricks to parts of Alaska because it was cheapest for them.

A rural route driver has to arrive at post office, sort mail, put in their vehicle drive the route delivering and picking up mail.
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Old 01-30-2023, 11:41 AM   #36
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Funny thing is USPS delivers Amazon packages. Not so funny is they lose money on everyone.
The Amazon TRUCK delivers my stuff right to my door.
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Old 01-30-2023, 11:46 AM   #37
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People can be on pensions for 75 years? the company might not be around in 75 years competing against UPS, FedEx, and soon to be AMAZON ....
Scene from the not so distance future.....

mostpost (on the phone) "I haven't gotten my pension check this month!"
official sounding voice on the phone: "It's in the mail,"

ba dum

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As to whether USPS will be around in 75 years, I don’t know. But even if it isn’t, any remaining retirees must receive their pensions.



Who pays it?
Taxpayers?
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Old 01-30-2023, 02:20 PM   #38
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That can not be correct, please link the law.
https://en.wikipedia.org/wiki/Postal...nhancement_Act

The pre funding mandate of the above, was repealed by The Postal Reform Act of 2022. Another in a long line of positive legislation passed by the Biden Administration.

Here is a link to what the Postal Reform Act of 2022 does. A law which, by the way, passed with strong bipartisan support.
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Old 01-30-2023, 02:42 PM   #39
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A rural route driver has to arrive at post office, sort mail, put in their vehicle drive the route delivering and picking up mail.
I think you are conflating two different jobs. A rural route CARRIER does what you say above. He sorts the mail, gets in his vehicle and delivers it to individual mailboxes directly from that vehicle. That person works directly for USPS, or at the very least is subject to all the rules that a USPS employee is subject to. Including pay and overtime rules.

USPS also contracts with freight companies to move large volumes of mail by truck. For example. The office I worked at was part of a network of four Suburban Chicago Offices. A contractor truck would call at each office dropping off mail for each of those offices. A to D. Then it would reverse the route going from D to A, picking up out going mail and taking it back to the Sectional Sorting Center. The people driving those trucks were not USPS employees.
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Old 01-30-2023, 02:44 PM   #40
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The Amazon TRUCK delivers my stuff right to my door.
Mine too. In most cases. But USPS does deliver some.
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Old 01-30-2023, 02:54 PM   #41
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Scene from the not so distance future.....

mostpost (on the phone) "I haven't gotten my pension check this month!"
official sounding voice on the phone: "It's in the mail,"

ba dum
I have direct deposit. You should try it. The fact is, in the days before direct deposit, delivery of Social Security checks was taken very seriously.



Who pays it?
Taxpayers?
If you make a contract with your employees that you will provide them with a retirement income, you must honor that commitment.

If you are responsible for shutting down the institution tasked with paying those debts, that responsibility falls on you.
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