From 2007 to 2020 there was $87 billion dollars worth of losses and $188 billion in unfunded liabilities, such as future pensions and health benefits.
Regardless of your thoughts, the reality is the postal service has been in financial trouble for a while.
That has led to questions about whether the postal service can keep delivering at its current levels.On Tuesday, Congress officially passed The Postal Service Reform Act. The final Senate vote was 79-19. The House passed the same version earlier this year.Bill now heads to President Biden‘s desk for his signature
It requires mail carriers to enroll in Medicare when they become eligible. Currently, they receive costly health plans when they retire. The bill also requires that deliveries keep running on a 6-day a week schedule after the possibility of cuts emerged.
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