What is your opinion on work pensions?

[The True Adonis]

Another good example is the United States Post Office.  It generates a profit every year and profits are increasing yearly, however, George Bush and congress got together and decided it would be a good idea to pre-fund every single employee's retirement for 75 years from day one.  This is the only reason why the Post Office is in the red.  Also of note, the USPS does not cost the taxpayer a dime and does not take a single dime from the federal government. The budget alloted to the USPS from the Federal government is 0 Percent.

[2Thick]

Most employers calculate employee costs based  on wages and benefits. The better the benefits, often the lower the wages.

Where I worked employees contributed in part to their own retirement. After 5 years, we were vested. Even if you changed jobs,  your investment was secure unless you chose to cash out.

What about if the company went belly-up?

[Primemuscle]

Another good example is the United States Post Office.  It generates a profit every year and profits are increasing yearly, however, George Bush and congress got together and decided it would be a good idea to pre-fund every single employee's retirement for 75 years from day one.  This is the only reason why the Post Office is in the red.  Also of note, the USPS does not cost the taxpayer a dime and does not take a single dime from the federal government. The budget alloted to the USPS from the Federal government is 0 Percent.

It is important to note that this was a government action and not something postal workers or their union asked for.  In fact, I know postal workers who argue against there being any valid reason for tying up these funds. I am glad you made the point about the post office not operating on taxpayer money. A lot of folks don't understand this.

Incidentally, one of the things hurting the post office is that the Post Master General contracts out some of their work to UPS.