Obama admin silent as USPS lays off 35,000 workers...with more layoffs to come

[former9thward]

63. You should get your facts straight.

The Postal Union did not say one word about the pre-funding in 2006. Henry Waxman and Danny Davis were co-sponsors of the bill.

This is what the union said about the financial impact on the post office after the bill was passed in 2006:

Financial Relief

There is some good news with significant financial impact on the USPS: The new law releases from an escrow account billions of dollars that the USPS has saved by ending overpayments to the Civil Service Retirement System; and it returns to the Treasury responsibility for paying about $27 billion in military service-related retirement benefits for postal workers. (No other federal agency has been required to pay these costs.)

The USPS was saddled with these financial burdens by provisions contained in the Postal Civil Service Retirement System Funding Reform Act of 2003 (P.L. 108-18). The provisions were supposed to be temporary, but the Bush administration insisted they remain in force to make the federal budget deficit appear smaller. Ultimately, the White House relented on its demand.

http://www.apwu.org/dept/legis/legmagart010107-reform.htm