Originally Posted by
busdriver12
If what I read was accurate, apparently the post office does make money....billions of dollars a year. Yet they are required to account for 75 years of pre and post retiree medical benefits in a ten year period (unlike any other company or agency), so it appears that they have massive losses. About 25% of post 65 retirees don't even use Medicare as their primary health insurance, which adds huge expenses.
Which begs the question, how hard is it to get a postal service job? I wonder if I can get a job with the postal service after I retire (before age 60) and get those postal medical benefits for life?
The post office is profitable excluding pension expenses. The economic benefit our country receives from the post office is well worth the additional tax payer investment to cover the pensions and chump change compared to the $4 trillion annual budget. Complaining about a $5-10 billion annual expense is crazy when you spend $750 billion on the military, of which a big portion flows into other country’s economies. At least post office workers put their pension money back into the us economy.