Postal Letter

will the post office halt service soon now that it is minus 5+billion dollars or will they do the right thing?

and fire people and finally pay people according to there work instead of inflated salaries? http://hosted.ap.org/dynamic/stories/U/US_POSTAL_PROBLEMS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-11-15-18-16-07 ie:A typical carrier would have a starting pay rate of $19.00/ hour, and about $23.15/ hour after 3 years. the average postal worker makes 81k a year, that along with benefits, retirement etc... is a good job, will the post office get back to reality and do what has to be done and pay people realistic wages for there positions or rather sink sink and go under. we seen this in greece. will it happen here?

Public Comments

1. Your facts are mixed up a bit. I won't dispute the $81k annually that includes the value of benefits. I have almost 28 years in and my base salary is under $55k. The starting wage for a carrier is a little lower than $19/hr and there is no way that it would be over $23/hr in only 3 years. The union representing the Clerk craft, which is the largest union, has a new contract that includes givebacks. We have a 3 year wage freeze, we gave up all cost of living adjustments for 2011 and waived the payment of 2012 COLA until 2013. We also agreed to pay a larger portion of our health benefits. The one thing that has driven the USPS into massive debt is the provision of the PAEA of 2006 that requires that the USPS establish a trust fund of $55 Billion to cover 100% of the cost of FUTURE Retiree Health Benefits for the next 75 years. This would cover people who aren't working for the USPS yet and some that aren't even born yet. This account was to be fully funded in only 10 years. There is no other entity on the face of the earth, public or private, that is required to do this.Of course, the $55 Billion figure is an estimate, it could be more or less as time goes by. Take any company, Wal-Mart, UPS FedEx, any company. Now, start the fiscal year $5.5 Billion in the red. Do you thin that any company could survive that. There is legislation in Congress now that would restructure this obligation to be funded to 80%, consistent with common business practices, and allow for payment over 40 years. This level of payment is manageable. Since 2007, without the $5.5 Billion annual payment, the USPS would have had a profit of around $600 Million.
2. The only solution is to fire bulkmailtech_usps.