Citation? The linked article says:
>The agency would be in a much stronger financial position had Congress not passed the Postal Accountability and Enhancement Act (PAEA) in 2006, which “requires the Postal Service, which receives no taxpayer subsidies, to prefund its retirees’ health benefits up to the year 2056,” on a 50-year basis.
> According to the Institute for Policy Studies (IPS) in 2019: “If the costs of this retiree health care mandate were removed from the USPS financial statements, the Post Office would have reported operating profits in each of the last six years.”
>“[N]o other entity, private or public, has to make” such provision for future health benefits of current and future retirees so far in advance. Private companies also can change their health benefits without an act of Congress, unlike the Postal Service. “Current reserves of $47.5 billion could be used to pay expected pay-as-you-go retiree health care costs 10-15 years into the future,” IPS noted.
>The 2006 law also bars the Postal Service from obtaining other revenue by providing “nonpostal services,” such as offering banking services or opening cafes at post offices. And it also limits the ability of the Postal Service to raise rates beyond the rate of inflation.
>The agency would be in a much stronger financial position had Congress not passed the Postal Accountability and Enhancement Act (PAEA) in 2006, which “requires the Postal Service, which receives no taxpayer subsidies, to prefund its retirees’ health benefits up to the year 2056,” on a 50-year basis.
> According to the Institute for Policy Studies (IPS) in 2019: “If the costs of this retiree health care mandate were removed from the USPS financial statements, the Post Office would have reported operating profits in each of the last six years.”
>“[N]o other entity, private or public, has to make” such provision for future health benefits of current and future retirees so far in advance. Private companies also can change their health benefits without an act of Congress, unlike the Postal Service. “Current reserves of $47.5 billion could be used to pay expected pay-as-you-go retiree health care costs 10-15 years into the future,” IPS noted.
>The 2006 law also bars the Postal Service from obtaining other revenue by providing “nonpostal services,” such as offering banking services or opening cafes at post offices. And it also limits the ability of the Postal Service to raise rates beyond the rate of inflation.