The National Association of Letter Carriers say the U.S. Postal Service would be in good fiscal shape if it didn’t have to set aside billions of dollars each year to pre-fund health benefits for future retirees.
The Nebraska chapter of NALC gathered Friday to start their state convention this weekend at Lochland Country Club.
Jeremy Liebsack of Omaha, state president of the Nebraska chapter of the NALC, said the mandated funding amounts to about 75 years of future retiree health benefits.
“We’re funding retirement benefits for workers who haven’t even been born yet,” he said.
In 2006, Congress passed the Postal Accountability and Enhancement Act. One of its provisions required the Postal Service to set aside more than $5 billion each year to pre-fund health benefits for its future retirees.