A bill that has passed the House and expected to pass the Senate will reform the USPS to improve finances.
The bill, which the White House and postal unions support, would eliminate a requirement that the Postal Service prefund retiree health benefits, saving what the Postal Service projects is $27 billion over 10 years.
The bill would also require postal workers to enroll in Medicare when they reach 65 years old—something that Congress said about a quarter of the agency’s workers don’t do. That change would save the Postal Service about $22.6 billion over a 10-year period, the agency estimates. It also would make permanent six-day-a-week delivery, a policy that Congress has put intoWSJ 3-4-2022
Don’t you like the use of “saving” and “save?” Those retiree health benefits are a cost to the postal service and those who use it regardless of when they are paid. As long as the benefits don’t change those costs are ongoing and increasing. It’s all accounting.
Requiring 65 year olds to enroll in Medicare is long overdue. However, as usual, the costs are merely moved from one area of government to another.