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Saturday, March 5, 2011

Postal pland would severely compromise postal employee federal retirement funds

Postal Service aid plans would jeopardize federal retirement funds, watchdog says

"..."The proposals would cause the government to assume responsibility for USPS retiree benefit expenses without a corresponding increase in government oversight," he said.

Worse, "if this became common practice, the financial soundness and integrity of the trust funds would be severely compromised..."    postal news

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