Friday, December 28, 2012

'Retirement prefunding mandate' update

USPS must pay for retirees now or later, GAO says

"... A fourth alternative, as recommended by the Postal Service’s inspector general, would eliminate the prefunding mandate altogether, creating a “pay as you go” system for retirees’ benefits. GAO found this option would create a “vastly bigger unfunded liability,” which would in turn result in higher postal rates. ..."   

Reference: www.govexec.com

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