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Latest News - March 2013

March 12, 2013
Postal unions still peddling pension funding myth
Source: Washington Examiner
By: Sean Higgins

Earlier today, National Rural Letter Carriers Association President Jeanette Dwyer gave a speech denouncing the cuts in the budget sequester. The speech tried to connect the sequester to budget problems inside the Postal Service that recently caused it to act to suspend Saturday delivery.

According to the prepared text, which was emailed to me from the NRLCA, (It doesn’t appear to be online) she said:

Roughly 80% of the Postal Service’s losses over the past six years stem from burdensome pre-funding requirements to the Future Retiree Health Benefits Fund, a requirement placed on no other government or private institution. While we can all agree that the Postal Service should provide for its retirees, we should also agree that paying for 75 years of benefits over 10 years in simply unreasonable. Allowing the Postal Service more flexibility to make these payments would bring it back from the brink of destruction and allow it to thrive in the 21st century.




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