postal accountability and enhancement act reddit

The post office is an example of an extremely well run government service that does its job extremely well. 25 years? PAEA was the first major overhaul of the United States Postal Service since 1970. The Postal Accountability and Enhancement Act (PAEA), Pub. The misinformation being spewed on the post office the last week was so annoying. President George W. Bush signed the Postal Accountability and Enhancement Act (PAEA; P.L. ALEC’s typical recommendation for lawmakers is to privatize government services, and past reports have tied ALEC to the passage of a 2006 bill, the Postal Accountability and Enhancement Act, which required the postal service to pre-fund employees’ pensions and health benefits for 75 years into the future, contributing to the postal service’s financial troubles in subsequent years. And, as you know, the "pre-payments" phased out after 2016. Uhh ... how is the USPS a monopoly in 2020? But they have a HUGE current pension burden. Introduced in the House as the Postal Accountability and Enhancement Act (H.R. New comments cannot be posted and votes cannot be cast, More posts from the AskConservatives community, Press J to jump to the feed. Text of H.R. Press question mark to learn the rest of the keyboard shortcuts, Back in 2007, Postmaster General John Potter indeed told Congress at the time that the business model of the agency was already broken. 109-435; 120 Stat. For all institutions besides military, we should be doing defined contribution plans. Can't vote by mail if there's no post office taps forehead. Not bad for an entity that performs an essential public service without taxpayer dollars. I am a bot, and this action was performed automatically. Already, if I ship a 20 lb package through Fed Ex from Baltimore to say Dallas, it costs maybe $25. It made me think, if they privatize the Post Office, would that take away mail fraud charges since it would no longer be a government service? The most commonly-criticized part of this law is that it required USPS to pre-fund its pensions for its workers for 75 years, which was (and as far as I'm aware still is) unique in public offices and private corporations in terms of a legal mandate. I never know how much sending a letter will cost. The Postal Accountability and Enhancement Act (PAEA) is a United States federal statute enacted by the 109th United States Congress and signed into law by President George W. Bush on December 20, 2006. It's also significant that lots of companies benefit from a burden that makes the USPS less competitive; these same companies might also would benefit from full USPS privatization, a goal that has been pushed by several conservative think tanks for years. Claim: The United States Postal Service (USPS) is losing money due to a 2006 law mandating it fund its pensions 75 years in advance. This was a vote to pass H.R. Rather, pursuant to OPM's methodology, such payments would be projected to fund the liability over a period in excess of 50 years, from 2007 through 2056 and beyond (with rolling 15-year amortization periods after 2041). Pub. 22, to reform the postal laws of the United States, after striking all after the enacting clause and inserting in lieu thereof, the text of S. 662, Senate companion measure, after agreeing to the committee amendment in the nature of a substitute, and the following amendments proposed thereto: From Wikipedia, the free encyclopedia. Almost all news tells us that the culprit behind the trouble USPS is experiencing is lower mail volume, but mostly the Postal Accountability and Enhancement Act of 2006 (PDF) that requires USPS to pay huge sums of cash into the U.S. Treasury to cover future health and retirement benefits. Pre-funding pensions is not unique to USPS. As a reminder, this subreddit is for civil discussion. I heard they are going to let the USA vote by carrier pigeon or telegraph! What is distinctive about the USPS is that, a a result of the 2006 Postal Accountability and Enhancement Act (PAEA), they are also required to pre-fund their retiree medical promises. SHORT TITLE; TABLE OF CONTENTS. Easy to understand and clear explanations of the bipartisan support of the Accountability and Enhancement Act (2006). Postal Accountability and Enhancement Act - Title I: Definitions; Postal Services - (Sec. President George W. Bush signed the Postal Accountability and Enhancement Act (PAEA; P.L. H.R. they do support it, as long as a private corporation runs it. Gotta bail out the airlines, though! Unlike private-sector entities, the Postal Service is barred from lobbying. And given a rating on how well they 're pre-funding, and then bleat about needing., this subreddit if you see comments in violation of our rules please... 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