Postal Service Set To Default On Pension Payment For First Time, But Congress Could Easily Fix The Problem

Postal Service Set To Default On Pension Payment For First Time, But Congress Could Easily Fix The Problem: In 2006, the Republican-led Congress passed an unnecessary law requiring the United States Postal Service to prefund its pension benefits for 75 years through a $5.5 billion annual payment. The Postal Accountability and Enhancement Act of 2006 (PAEA) is the only one of its kind for a government agency. On August 1st of this year, [...]/p