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GAO Report: Status, Financial Outlook and Alternative Approaches for Funding U.S. Postal Service Retiree Health Benefits
U.S. Government Accountability Office [GAO] Link to more items from this source
Dec. 27, 2012
79 pages. "The Postal Service Retiree Health Benefits Fund ... covered about 49 percent of the U.S. Postal Service's (USPS) $94 billion retiree health benefit liability at fiscal year-end 2012. USPS's deteriorating financial outlook, however, will make it difficult to continue the current prefunding schedule in the short term, and possibly to fully fund the remaining $48 billion unfunded liability over the remaining 44 years of the schedule on which the 2006 Postal Accountability and Enhancement Act (PAEA) was based.... GAO's analysis of maintaining current law requirements compared to five alternative approaches showed differing impacts on USPS's future annual payments and unfunded liabilities." [GAO-13-112, published Dec. 4, 2012, released Dec. 27, 2012]

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