Lexington’s Paul Steidler was quoted in a Federal News Network story about the reintroduction of the USPS Fairness Act, a measure that would eliminate the Postal Service’s obligation to pre-fund retiree health benefits.
Steidler warned in a January 28 report that eliminating USPS’s pre-funding requirement would not alleviate the agency’s “underlying fundamental financial challenges, which include a broken business model,” though it would reduce annual net losses. As such, he said, “it might even breed a temporary sense of complacency and make things worse by postponing holistic postal reform.” Likewise, Steidler said that there would be a “high likelihood” that current and retired postal workers would see benefits shrink, or that taxpayers would shoulder a greater proportion of costs.
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