Re­tire­ment Re­serves Al­ready High’

Stanstead Journal - - NEWS - Washington, DC

Ata time when the U.S. Postal Ser­vice is con­sid­er­ing deep cuts in ser­vices and jobs, an in­ter­nal watch­dog to­day told Sen. Bernie San­ders (I-VT.) that a big fund­ing cush­ion al­ready has been built into the mail ser­vice’s re­tire­ment and health ben­e­fit funds.

Bil­lions of dol­lars owed to the funds have been cited by Postal Ser­vice man­agers as a main rea­son that it must cut 220,000 jobs and close 3,700 post of­fices and 252 mail pro­cess­ing plants – half of all the cur­rent sort­ing cen­ters.

In a to San­ders, how­ever, Postal Ser­vice In­spec­tor Gen­eral David C. Wil­liams said the pro­grams are flush with funds. He said the Postal Ser­vice has “sig­nif­i­cantly ex­ceeded” the amount that the fed­eral gov­ern­ment and the na­tion’s most prof­itable cor­po­ra­tions have socked away for pen­sion

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