Ten Reasons That the U.S. Postal Service is Not a Failure — and is Vital to Our Country

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The United States Postal Service:

1. Receives no taxpayer dollars

2. Is funded by the products and services it sells

3. Working with its unions, has already reduced its workforce by 110,000 employees, improved efficiency, and introduced new products and services

4. Handles more than 40 percent of the world’s mail more efficiently and at lower cost than other services

5. Despite the growth of the digital world, continues to support a $1 trillion mailing industry with more than 8 million jobs

6. Has a workforce that is made up of 40 percent women, 40 percent minorities, and 22 percent veterans, many disabled

There is a crisis, but it is not because the Postal Service is inefficient and its workers overpaid. It is because the Postal Service:

7. Is the only federal agency or private company required to pre-fund retiree health benefits for 75 years

8. Is therefore required to pay $5.5 billion annually to the Treasury, an amount not required of any other agency or company

Without these unique requirements, it would have earned a surplus of over $600 million during the last four years. In addition, the USPS:

9. Has over-paid its obligations to the Civil Service Retirement System (CSRS) by an estimated $50 billion (and this money should be returned)

10. Has overfunded the Federal Employees Retirement System (FERS) by approximately $6.9 billion (and would be profitable if these funds were returned)

Ten Reasons That the U.S. Postal Service is Not a Failure — and is Vital to Our Country » New Deal 2.0.
Be sure to read the whole article.  Important, factual infomation.

Written by Lisa.Bowes

September 26th, 2011 at 9:34 am

Posted in USPS

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