Its name is PAEA, or The Postal Accountability and Enhancement Act passed by Congress, coincidentally enough, in 2006.
FORBES: Going Postal: How Congress Has Failed Its Shareholders
Well, PAEA directs that CSRS (civil service retirement system) and FERS (federal employee retirement system) be funded at 100%.
Congress knew full well that PAEA would lead the postal service to the very precipice it currently dangles from.
They are unnecessary and fail to address the three very real problems created by Congress when they enacted PAEA in 2006.
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