The editorial below from âan anonymous PostCom board memberâ appeared in this weekâs issue of PostCom Bulletin, the organizationâs newsletter. I thought the insights about how to get postal reform moving and about the U.S. Postal Service’s governing body were worth sharing with a wider audience, so Iâm republishing it with the permission of PostCom.
A few explanations are in order: âFERSâ and âCSRSâ are the pension plans for postal employees. âRHBFâ is the U.S. Postal Serviceâs Retiree Health Benefit Fund, which USPS must âprefundâ (actually âoverfundâ) because of manipulative Congressional accounting. Congress Hears the Truth About Postal Service Finances explains how the federal government is milking USPS dry through prepayments and pension overcharges. “PAEA” is the law governing USPS pricing and other financial matters.
Oh, and for those who donât know, âKISSâ stands for âKeep it simple, stupid.â Always good advice, especially when dealing with Congress.