Imagine if PERS had to pre-fund its benefits for the next 75 years. Think, for just a moment, on what a massive impact that would have on our school budgets and all the rest. Impossible.
But that’s exactly what the Congress has done to the US Postal Service in one of its most ridiculous acts of the decade. That’s why the USPS is always in the red! If they didn’t have to meet that absurd requirement, they’d be $1.5 billion in the black!