NH – APWU Endorse Jeanne Shaheen For US Senate

APWU logo LRG

NH Postal Workers Union Proud to Announce Endorsement of Jeanne Shaheen On Labor Day Weekend

Manchester–Today, the New Hampshire Postal Workers Union is proud to announce their endorsement of Jeanne Shaheen for re-election, citing her work protecting the postal service, creating good paying jobs and standing up for New Hampshire workers and their families. Union leaders and members made clear that their decision to endorse was an easy one due to the stark contrast in this race between Jeanne Shaheen and her likely opponent when it comes to putting New Hampshire jobs first.

 “Senator Shaheen supported every postal worker in New Hampshire when she personally urged members of the Appropriations Committee to protect the USPS service standards, helping to preserve a vital public service,” said NH APWU President Dana Coletti. “Jeanne Shaheen looks out for the people of New Hampshire and has always put the families of this state first.

“Meanwhile, Scott Brown is against increasing the minimum wage and supports tax breaks for companies that send jobs overseas.” noted Janice Kelble, NH APWU Legislative Director.  “Now, he’s cashing in as a board member of a company that has offshored American jobs. That’s not the New Hampshire way. Scott Brown is wrong for the state, which is why we will work to reelect Senator Jeanne Shaheen.”

 Jeanne Shaheen has fought to strengthen the economy and create jobs for New Hampshire workers. This month, she signed a letter urging the leadership of the Appropriations Committee to protect the postal service standards, which is critical to maintaining the USPS as a public service. She’s supported investments in the state’s roads and bridges, which postal workers travel on every day, securing funding to rebuild the Portsmouth Memorial Bridge and expand I-93. Shaheen is also fighting to raise the minimum wage and voted to close tax loopholes for companies that ship jobs overseas.

Teachers, Postal Workers, and Public Employees Cry Out, “The Mail Is Not For Sale”

Via twitter @DeniseSpecht

Via twitter @DeniseSpecht

Last night at their bi-annual convention, the American Federation of Teachers adopted a resolution to support of the American Postal Workers Union (APWU) in a national boycott Staples Inc. for their attempt to steal jobs from dedicated postal employee’s and continue the race to the bottom.

It resolves “that members of the AFT, along with friends, colleagues and family members, are urged to no longer shop at Staples stores until further notice.”

Read the resolution here.

Staples and the USPS are set to begin pilot program in 82 retail stores that would have “postal counters” that would provide most of the safe services as a local post office.  These postal counters would be staffed by Staples low-wage, non-union workers, and not by the dedicated clerks of the APWU, who take care of you at you local post office.

These postal counters could mean the end of our local post offices.

Similar resolutions were passed by the California Teachers Union, AFT Michigan, AFT Massachusetts and AFT New Hampshire asking members to shop somewhere else when it came time to buy their “back to school” supplies.

“Postal workers are the most amazing public servants,” said AFT President Randi Weingarten. “Who does Staples really want and need to come into its stores every single day? Teachers. The best way we can help is if we say to Staples: ‘You do this to the postal workers, and we aren’t buying supplies in your stores.’”

AFT President Randi Weingarten (Image by @AFTunion)

AFT President Randi Weingarten (Image by @AFTunion)

School supplies are a key market for Staples, accounting for up to one-third of the company’s sales, according to some estimates. The company, faced with declining sales and revenue, has announced plans to close 225 stores by 2015.

After adopting the resolution, AFT members joined their APWU brothers and sisters in a massive rally outside Staples Center in downtown Los Angeles. AFT President Weingarten and thousands of AFT convention delegates joined members of the American Postal Workers Union and other community members in a rally telling the United States Postal Service and the Staples corporation that the “Mail Is Not for Sale.”

This action is a continuing part of the AFT’s effort to reclaim the promise of an America where consumers are safe, workers are valued and well trained, and middle-class jobs are protected.

APWU President Mark Dimondstein addressed the importance of America’s middle class standing together against the effort to privatize and demonize U.S. postal workers. He said, “We too are in the public sector, we too are meeting the needs of people. We’re facing some of the same problems you are—I call it divert, defund, demoralize, demonize and dismantle.”

APWU President Mark Dimondstein (image by @AFTunion)

APWU President Mark Dimondstein (image by @AFTunion)

I applaud Randi Weingarten and all of the AFT members who adopted this resolution and will show their support for postal workers by boycotting Staples!

Below are pictures taken at the AFT/APWU rally last night.  All images are from twitter.

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I Cannot Believe What Shira Goodman (Pres. of Staples) Said About The Dedicated USPS Employees

Shira Goodman

Shira Goodman, CEO of Staple Inc

Shira Goodman, North American Commercial President for Staples couldn’t hide her contempt for Postal Workers when she spoke to hundreds of Staples employees in her first ever Town Hall style meeting. Ms Goodman chastised Postal Workers with several disparaging remarks including: “It must be nice to have a job for life” then adding “those days are over, this country can’t afford to do business as usual”. In her world Staples workers are nothing more than temporary workers always at risk to have their jobs abolished.

It comes as no surprise that Shira Goodman was on the “Jobs and Economy” Steering Committee during Mitt Romney’s transition to Massachusetts Governor in 1992. Judging by her attitude towards workers there is no doubt she buys into Romney’s hateful 47% comment made during his presidential run.

It’s also hardly shocking that Shira Goodman’s job before joining Staples in 1992 was being a manager for Bain and Company (1986-1992). Staples was one of her clients. Bain was the leader in outsourcing workers jobs for management profit. She must feel quite comfortable in outsourcing postal jobs to her transient workforce.

The negative ramifications are already being felt by postal workers. In the San Francisco area the USPS has announced it is reducing customer service hours in 21 of the 39 Post Offices. “They’re shutting the doors at 5 p.m. and posting signs sending people to private locations – including Staples – to conduct postal business,” said Geoffray Dumaguit, president of the San Francisco Local of the American Postal Workers Union. “This will inconvenience and irritate our customers, who often need to visit a Post Office after work.”

Shira Goodman must also feel quite comfortable in knowing her husband Senior Rabbi Wesley Gardenswartz seems to have pretty close to a “job for life” at Temple Emmanuel in Newton, Massachusetts. I certainly am not anything close to a theologian but “People in glass houses shouldn’t throw stones” is a popular twist on a biblical proverb that I am sure Shira Goodman knows of. Considering her situation It seems the height of hypocrisy to be attacking the hard-working employees of the worlds best Postal Service.

I am sure the bible has plenty of verses about the evil of greed  practiced by Bain Capital and Staples. Also many on the virtuousness of treating  people with respect and dignity as is practiced by labor unions throughout this country.

The AFL-CIO has announced it has endorsed the APWU national boycott of Staples . This boycott includes all Staples retail stores in the US, Staples.com, Staples Advantage as well as branded proprietary products.

Respecting workers and not exploiting them is not “business as usual” in Shira Goodman’s world. We as postal union members “can’t afford” to let this anti-worker sentiment go unchallenged. Staples outsourcing Postal Service jobs is the current battle in a national war on workers, Shira Goodman is leading the forces against postal workers. Mitt Romney must be so proud.

Postal Workers to Protest Privatization at Concord Staples Store Today, April 24

Local Activists Join National Day of Action

Many Details of the Deal Between USPS and Staples Remain a Secret

APWU Logo (small)Concord, NH — Members of the American Postal Workers Union (APWU), Manchester Area Local , will protest on Thursday, April 24, against a sweetheart deal between the U.S. Postal Service and Staples that is privatizing USPS retail services and replacing good, living-wage postal jobs with low-wage, high-turnover jobs at Staples. The deal will compromise service to customers and jeopardize the security of the mail. Details of the agreement are being kept secret and have not yet been made available to the public.

Who:         Members of the Manchester Area Local APWU, the National Association of Letter Carriers, The National Postal Mailhandlers Union, and the National Rural Letter Carriers’ Association will be joined by the NH AFL-CIO, members of numerous local unions, other working men & women throughout the state, and friends and allies who believe in maintaining a public Postal Service.

What:       Protest at Concord Staples, against privatization of U.S. Postal Service retail services.

When:       Thursday, April 24,4-6 pm

Where:     Staples, Fort Eddy Plaza

The protest in Concord is part of a National Day of Action, where participants will protest the USPS-Staples deal, which in October/November 2013 established postal counters in more than 80 Staples stores in four geographic areas. The Postal Service plans to expand the program to Staples’ 1,500 stores nationwide. All of this is occurring despite problems that make the future of some Staples stores very uncertain.

“Staples employees receive minimal training, and the company’s low pay results in high employee turnover,” said Dana Coletti, president of Manchester Area Local APWU.  “With so many concerns about privacy and identity theft, the U.S. mail should be handled by highly-trained, experienced postal employees, who swear an oath to protect your letters and packages and who are accountable to the American people. This program is compromising service to our customers.

“While many of the details of this pilot program are being hidden from the public, many things remain quite clear. The Postal Service, which is the largest civilian employer of veterans, requires postal employees to pass a test and a background check, to complete intensive training and to take an oath to protect the security and safety of the mail. It should be a matter of concern to the public that packages and letters at Staples stores are not even considered mail until they are picked up by the Postal Service. This program threatens both mail security and good, stable jobs” said Janice Kelble, Legislative & Political Director for Manchester Area Local APWU.  “It’s bad for postal workers, bad for our communities, and bad for our country.”

“But this isn’t just about postal jobs,” said national APWU President Mark Dimondstein said. “Many people are outraged that a tremendous public asset is being turned over to a struggling private company.”  Staples recently announced that it would close 225 stores by 2015.

Note: In NH a Hooksett Staples store suddenly disappeared only months ago. Will the same thing happen with postal services vanishing, based on Staples bottom line, with no regard to the needs of a community? 

“Staples makes business decisions based on the bottom line, not service to the people of the country,” Dimondstein said. “As a nation, we need to decide what kind of Postal Service we want. Are we going to have a vibrant, modern, public mail system that serves all of the people, or are we going to let privatizers kill this great institution?”

Thursday’s National Day of Action follows dozens of protests by postal workers and community allies in Atlanta, Chicago, San Francisco and other cities.

For more information about the campaign to stand up for quality service and good-paying jobs, visit Stop Staples.com.  See also “Postal Union Fights Staples Partnership,” in the Huffington Post, and “The Postal Service Outsources Itself to a Company Doing Almost as Badly as the Postal Service,” in The New Republic.

A copy of the agreement between Staples and the USPS – heavily redacted – is available on the APWU website.

 

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The American Postal Workers Union represents 200,000 employees of the United States Postal Service, and is affiliated with the AFL-CIO.

 

APWU Announces National Protest Of STAPLES Stores On April 24th

stop-staples-275Postal Workers to Protest Privatization at
More than 50 Staples Stores 
in 27 States on April 24

Message to Staples: The U.S. Mail Is Not for Sale

WASHINGTON – Thousands of members of the American Postal Workers Union (APWU) and community activists will engage in National Day of Action on Thursday, April 24, to protest the Postal Service’s sweetheart deal with Staples that is moving mail service into Staples stores.  Events will be held at more than 50 Staples retail locations across 27 states.

In October, the USPS announced a no-bid deal to open postal counters in more than 80 Staples stores. The U.S. Postal Service plans to expand this “pilot” project to Staples’ 1,500 stores nationwide.

Staples employees, who work for low wages and meager benefits – and who have received minimal training – operate these unsecured postal counters.

Although Staples and the Postal Service have worked hard to keep the details of their arrangement a secret, the APWU recently obtained a heavily-redacted copy of the agreement.  Despite the fact that many of the pages were blacked out, the document provides clear evidence that the Staples sweetheart deal will compromise the quality, security and reliability that consumers expect and deserve in the handling of their mail.

tumblr_inline_n44n7aUrw81sz6kfn“The American people have a right to know that their mail is handled by highly-trained uniformed postal employees who have taken an oath to protect the sanctity of the mail and who are accountable to the people of the country – whether it’s at the Post Office or an office-supply store,” said APWU President Mark Dimondstein.

Research shows that consumers have high regard for postal employees and are skeptical about the Staples deal, according to InfoTrends, which recently completed a report for the USPS Inspector General. Many postal customers, the firm reported, “were uncomfortable with co-location of Post Offices not staffed by USPS employees, such as with the Postal Service’s recent partnership with Staples stores.”

‘I want a real postal employee to handle my mail,’ said one woman from an urban location. ‘It’s like when you go in to a drug store to get a flu shot. You don’t want to get it from a regular Walgreen’s employee.’

An internal USPS document makes clear that the goal of the program is to replace the good, living-wage jobs held by USPS employees with low-wage jobs in the private sector.

“But this isn’t just about postal jobs,” Dimondstein said. “Many people are outraged that a tremendous public asset is being turned over to a struggling private company.”  Staples recently announced that it would close 225 stores by 2015.

“Staples makes business decisions based on the bottom line, not service to the people of the country,” Dimondstein said.

“As a nation, we need to decide what kind of Postal Service we want. Are we going to have a vibrant, modern, public mail system that serves all of the people, or are we going to let privatizers kill this great institution?” The APWU supports expanding postal service – by improving accessibility as well as the variety of services offered, he said.

Today’s National Day of Action follows protests by postal workers and community allies in Atlanta, Chicago, San Francisco, Seattle, Berkeley and other cities since January.

Many teachers, who regularly buy school supplies at Staples, have joined the APWU in protesting this attempt to privatize postal services. On April 28, the California Federation of Teachers will vote on a resolution asking their members to buy school supplies from other retailers. This will likely be the first of many similar actions by educators to boycott Staples. It’s estimated that 30 percent of Staples revenue comes from back-to-school sales.

(FOR THOSE IN NEW HAMPSHIRE, CLICK HERE FOR DETAILS ABOUT OUR EVENT IN CONCORD)

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For more information about the Stop Staples campaign, visit StopStaples.com.  A copy of the agreement between Staples and the USPS – heavily redacted – is available on the APWU website, at www.apwu.org

For additional background information, see these recent stories from the Huffington Post, New Republic and the Associated Press:

http://www.huffingtonpost.com/2014/04/15/postal-service-staples_n_5155270.html?1397597725

http://www.newrepublic.com/article/116968/usps-outsourcing-itself-staples

http://www.usatoday.com/story/money/business/2014/01/19/postal-service-union-wrangle-over-staples-outlets/4647199/

 

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The American Postal Workers Union represents 200,000 employees of the United States Postal Service. The union is affiliated with the AFL-CIO.

USPS Workers To Rally Against Postal Units In Staples Stores On 4-24-14

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Please join the Postal Workers on Thursday April 24, from 4-6 pm in Concord NH for a peaceful demonstration near the Concord Staples on Fort Eddy Road (across from LL Bean at exit 14 off of 93 N). Help us to STOP the privatization & destruction of The U.S.P.S. before it’s too late. 

A recent agreement between the USPS and Staples established postal counters in 82 Staples stores — staffed with low-wage, non-union Staples employees rather than postal workers. Postmaster General Patrick Donahoe and Staples CEO Ron Sargent plan to expand the program to Staples’ 1,500 stores nationwide.

We fully support the expansion of postal services, but we are adamantly opposed to USPS plans to replace good-paying union jobs with non-union low-wage jobs held by workers who have no accountability for the safety and security of the mail. This is nothing less than a direct assault on our jobs and on public postal services.

For more information call Janice at 513-8176 or Dana at 669-2414.

You can also join the Facebook Event and share the details through Facebook!

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What The F&@#: Issa Proposes End To Six Day Delivery To Save Military Retirees COLA’s

Image from the Muskegon Chronicle http://www.mlive.com/news/muskegon/index.ssf/2010/03/no_saturday_mail_delivery_no_p.html

Image from the Muskegon Chronicle

The depth of Congressman Darrell Issa’s distain for the unionized workers at the US Postal Service knows no bounds.  Now he is pitting the USPS against the US Military.

Government Executive reported this morning:

A new bill would undo the recent cuts made to certain military retirees’ pensions, and in exchange allow the U.S. Postal Service to end Saturday mail delivery.

Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, on Thursday proposed legislation that would restore full cost-of-living adjustments for young military retirees.”

To recap, the bi-partisan budget deal that everyone was giddy over last month made cuts to Cost of Living Adjustments (COLA) for veterans who retire after twenty years of service, but have not reached the full retirement age of 62.  To put this into context, this would be a person who could be as young as 38 years old, receiving a military pension, who would receive 1% less in a COLA increase than those retiree’s over the age of 62.

I am against cutting benefits to any worker who has done their time and completed their service after the fact.  That is not the case here.  This change means that these working age retirees will not get the full cost of living increase, which does not mean they are going to see their paychecks go down, as some are implying.  Also nowhere does it say that a retired veteran cannot get another job after they leave the military.  Just look at all the government contractors like Lockheed Martin and Raytheon, who routinely hire veterans as military specialists.

You know who else hires a ton of veterans, especially those who have been medically discharged?  The US Postal Service, that is who.  In 2007 the USPS employed over 680,000 people and of that 25% were veterans. (Note 8% of total workforce is listed as disabled veterans).

While that information is great to have, it is not the true point of this post.  The fact that Congressman Issa is, yet again, proposing to cut the Postal Service to five-day delivery is a sham.  He is trying to pull the wool over your eyes, by saying that eliminating Saturday delivery will save the government enough money to offset the retiree’s COLA cuts.

The fact is that the USPS does not take any money from the US Government.  The USPS is a completely self-funded operation, paid in full by the postage on the parcel.  The real issue the USPS is facing is the pre-funding mandate set forth by Congress in 2006.  That mandate requires the USPS to pre-fund all retiree benefits for the next 75 years before 2016.

Congressman Issa and the Postmaster General have used this mandate to make claims that the USPS is going bankrupt.  It is true the USPS cannot afford to pre-pay retiree benefits at 7-times (7X) the normal rate. What corporation could afford that?  They are using this as a way to push the USPS, and its unionized workforce out, and replace it with private companies like UPS and FedEx, who make more money for the 1% on Wall Street.   Let us not forget how UPS and FedEx botched holiday deliveries, while the slow and steady postal service delivered all their packages on time.

This legislation is the biggest shell game I have ever seen.  Instead of just reinstating the cuts to retiree’s, Congressman Issa is suggesting that we steal money from the USPS (which he claims is going bankrupt), and give it to these retiree’s.

If the USPS is failing, as Congressman Issa has said over and over, how exactly is stealing more money from them going to save it?

Rep. Peter DeFazio: "There's no substitute for a universal postal system. The private sector can't fill that gap."  WATCH: http://on.msnbc.com/1dWH1vi  Image from the ED Show

Rep. Peter DeFazio:
There’s no substitute for a universal postal system. The private sector can’t fill that gap.”
WATCH: http://on.msnbc.com/1dWH1vi
Image from the ED Show

Why On Earth Is The USPS Paying FEDEX Stockholders Millions In Dividends

According to an annual report from a Washington DC law firm, FedEx is the top US Postal Service contractor for the tenth consecutive year.

You read that right.  The Postal Service’s biggest competitor, FedEx, is also its largest contractor.  In FY2012, the USPS paid FedEx $1.618 billion – an 8% increase over the previous year.

UPS had an even bigger increase.   In FY2012, the Postal Service paid UPS more than $126 million – a 24% increase from FY2011.  (Of course, UPS previously employed Janna Ryan – the wife of House Budget Committee Chairman Rep. Paul Ryan – as their lobbyist.  And she was reportedly a very effective lobbyist.)

Contracting with the Post Office is Big Business.  The Postal Service is spending almost $12 Billion a year on private contractors – even though the Postal Service is so financially strapped that they’re about to cut delivery service by one day a week.  Does this make any sense at all?  

There has been a lot of talk lately about “privatizing” the Postal Service.  Based on the law firm’s report, it looks like the Post Office is being privatized, one little piece at a time.  Just another example of government creating something of value, only to hand over the profits to someone else.  Just one more example of our government being used to further someone else’s private interests.

How many Postal Service jobs were lost, eliminated or downsized due to all these contracts?

And what percentage of each postage stamp we buy has been converted into private profits?

Let’s look at FedEx.  FedEx had about $43 billion dollars in revenues last year.  Of that, $1.618 came directly from the Postal Service.  That means the Postal Service is responsible for 3-4% of FedEx’s total revenues.

FedEx made quite a profit last year.  Company executives get to decide how much profit is paid out as dividends, and how much is reinvested in new equipment and new hires.  Last year, FedEx paid out a lot in dividends.

Frederick Smith is CEO of FedEx.  According to SEC filings, he owns about 15 million shares of the company.  Last year, FedEx paid out a total of 55 cents per share in dividends.  Do the math… and it looks like Mr. Smith received about $8.5 million in dividends (not counting dividends to his family holding company, his wife, or his retirement fund).

Do the math… and if 3-4% of FedEx business (and profits) are attributable to the Postal Service… that would mean Postal Service contracts account for more than a quarter-million dollars’ worth of Mr. Smith’s 2012 dividend income.

(Wonder how much stock other FedEx employees hold?  Click here.  Then do your own math about how much of their dividend income is attributable to Postal Service contracts.)

$12 Billion in Postal Service outsourcing.  Why?  Why are we continuing to outsource good jobs to private companies who are collecting record profits?  Why are we paying corporations billions of dollars to do exactly what workers at the Postal Service could already do?  The Postal Service continues to shed workers at an alarming rate while FedEx and UPS continue to make more and more money from the Postal Service.

FedEx made over $1.4 million in campaign donations last year.  Is it any wonder there’s so much talk about “privatizing” the Postal Service?

 

Using Retirement Funds to Balance the Budget


Up here in New Hampshire, we have some experience with politicians trying to use public workers’ retirement funds to balance the budget.

Back when Craig Benson was Governor, he wanted to use money from the public employee retirement system to balance the state budget.

But up here in New Hampshire, the public didn’t let him get away with that.  In 1984, Granite State voters amended our state Constitution to protect our employees’ retirement benefits.  New Hampshire Constitution Article 36-a [Use of Retirement Funds] provides:

“The employer contributions certified as payable to the New Hampshire retirement system … shall be appropriated each fiscal year … All of the assets and proceeds, and income there from, of the New Hampshire retirement system … shall be held, invested or disbursed as in trust for the exclusive purpose of providing for such benefits and shall not be encumbered for, or diverted to, any other purposes.”

Down in Washington DC, the federal government hasn’t been quite so careful.  Down in DC, public employee retirement funds are regularly used to balance the budget.

In fact, when the federal government hit the debt ceiling in May 2011, public employee retirement contributions were used to keep the federal government going for more than two months (until Congressional Republicans finally agreed to increase the debt limit).

At last report,

  • more than $800 billion of the federal debt was owed to the federal employees’ retirement system;
  • more than $600 billion of the federal debt was owed to military employees’ retirement programs;
  • more than $45 billion of the federal debt was owed to the Postal Service Retiree Health Benefits Fund.

State and local employees also own a significant chunk of the federal debt.  At last report, pension systems for state and local government employees held almost $190 billion in Treasury securities.

Adding it all up, the nation owes about $1.6 trillion to the various public employees’ retirement systems.  (That’s direct debt – not including unfunded liabilities.)

That’s only slightly more than what tax cuts for the wealthiest 5% have cost the Treasury since 2001.

Should we really be surprised that right-wing Republicans are trying so hard to “reform” public pensions?

The business lobbying group ALEC (“American Legislative Exchange Council”) has led the crusade.  “Taxpayers are no longer willing to bear the increasing cost of these plans… They are demanding reforms that will bring these plans into line with pension and OPEB benefits offered in the private sector.”  (What an interesting comparison!  Federal law generally prohibits private sector pension plans from loaning money to the company that sponsors the plan.)

As Chairman of the House Budget Committee, Rep. Paul Ryan followed ALEC’s lead – almost word-for-word.

Up here in the Granite State, we believe that government should fulfill the promises it has made to its employees.  We even amended our state constitution to ensure that public employees’ retirement funds would be used only to pay retirement benefits.

It’s time for the country to stop using public employee retirement funds to pay the cost of extending tax cuts for the wealthy.

It’s time for Congressional Republicans to stop trying to weasel out of their obligations to federal employees.

It’s time to keep the country’s promises.  (Now that’s a conservative value.)

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Wait!  That $45 billion borrowed from the Postal Service Retiree Health Benefits Fund deserves a closer look.

The Post Office is losing money.  Most of that deficit is being caused by Congressionally-mandated payments to the Postal Service Retiree Health Benefits Fund.   That mandate dates back to the Postal Accountability and Enhancement Act of 2006.

Guess what else happened in 2006?  Just months before Congress decided to have the Postal Service pre-fund retiree benefits (and loan that money to the US Treasury), the country had hit the debt ceiling, and had borrowed from the federal employees’ retirement system to pay the bills.

(No, by the time 2006 rolled around, the Bush tax cuts hadn’t “jump started” the economy or started to erase the federal debt.  So Congress used federal employees’ retirement contributions as a Rainy Day Fund.)

Kind of convenient, isn’t it?  The country needs to borrow money, and suddenly there’s a new Fund to borrow from.

Only now, that Fund is drowning the Postal Service in debt.