League of Postmasters Releases Statement on USPS Newsbreak Regarding Retirement and Health Benefit Proposal.
The National league of Postmasters fully recognizes the gravity of the financial position the Postal Service finds itself in, but is extremely concerned about the Postal Service’s radical notion to abandon the Federal retirement system and the Federal Health Benefit Plan, the most efficient and effective set of health care plans in the United States. Not only would such an action throw postal employees to the wolves, but withdrawal of postal employees from the Federal Plans could put the continued health and stability of those plans into jeopardy.
We have recently seen action by certain elements in the government that have taken the notion of federal government irresponsibility to a new high. Not surprisingly, we have seen the disgust of the American public with that type of irresponsibility also reached a new high. Suggestions such as these by the Postal Service fit into the same category and should not even be considered.
Were the Postal Service a private business, it would stop prefunding a pension plan that was already overfunded, and it would be allowed to transfer the existing surplus from its pension funds to its retirement health benefit funds. But, because it is a federal government entity, it is not allowed to do that because such actions would disrupt the smoke and mirrors that the government has used for years to make itself look good.
It’s time for Congress to do the right thing. Stop forcing the Postal Service to make payments into a fund that is already overfunded, and start allowing it to use the surplus in its pension funds to prefund its retiree health benefits. Were those actions to be allowed, this nonsensical talk of withdrawing from the federal pension system and from the federal health benefit system would disappear, and some semblance of rationality could once again begin to creep back into policy discussion in Washington, D.C..
source: National League of Postmasters