Postal Service financials improve, but big losses continue

[mbperrin]

16. ERISA does not require companies to fund a retirement plan for employees who have not

yet been born, who certainly have not yet been hired, and who may never exist.

This provision was put on the Postal Service specifically and only.

The fact that other companies aren't even funding their actual employees' plans, except for a bare handful, is very illuminating about the lack of teeth in ERISA, anyway. We wouldn't need the government to take over pension plans if they were actually funded.

As usual, what they really want is for a big stack of money to be piled up so that the right people can steal it.