A fact from Postal Accountability and Enhancement Act appeared on Wikipedia's
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The result was: promoted by
The Squirrel Conspiracy (
talk) 09:02, 13 June 2020 (UTC)
Created by Muboshgu ( talk). Self-nominated at 21:34, 17 May 2020 (UTC).
This seems inaccurate. The sources are a John Oliver routine and a newspaper clipping that does not say anything about 50 years of payments coming due up front. H.R.6407 describes an amortization schedule intended to balance ("provides for the liquidation of any liability or surplus") the fund by 2056, with annual payments. This seems like a typical arrangement for a pension: forecasting the cost of benefits and making annual deposits of the "net present value" (i.e. adjusted for anticipated interest and inflation) to keep the fund in balance. The GAO found that these payments ceased in 2017 and "USPS has said that its required payments to the fund are unaffordable relative to its current financial situation and outlook."
I suggest rewording the sentence to "It reorganized the Postal Rate Commission and stipulated that the price of postage could not increase faster than the rate of inflation." Wasoxygen ( talk) 15:56, 2 August 2020 (UTC)
Aside from the pension plan, it also prohibits it from providing banking services and doing commercial sales for things like phone cards. Services typically provided by other countries post offices that defray costs. Can this and sources be provided? LamontCranston ( talk) 21:29, 3 September 2020 (UTC)
A fact from Postal Accountability and Enhancement Act appeared on Wikipedia's
Main Page in the
Did you know column on 17 June 2020 (
check views). The text of the entry was as follows:
|
This article is rated Start-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||||||||||||||||||||||||||||||||||||||||||
|
The result was: promoted by
The Squirrel Conspiracy (
talk) 09:02, 13 June 2020 (UTC)
Created by Muboshgu ( talk). Self-nominated at 21:34, 17 May 2020 (UTC).
This seems inaccurate. The sources are a John Oliver routine and a newspaper clipping that does not say anything about 50 years of payments coming due up front. H.R.6407 describes an amortization schedule intended to balance ("provides for the liquidation of any liability or surplus") the fund by 2056, with annual payments. This seems like a typical arrangement for a pension: forecasting the cost of benefits and making annual deposits of the "net present value" (i.e. adjusted for anticipated interest and inflation) to keep the fund in balance. The GAO found that these payments ceased in 2017 and "USPS has said that its required payments to the fund are unaffordable relative to its current financial situation and outlook."
I suggest rewording the sentence to "It reorganized the Postal Rate Commission and stipulated that the price of postage could not increase faster than the rate of inflation." Wasoxygen ( talk) 15:56, 2 August 2020 (UTC)
Aside from the pension plan, it also prohibits it from providing banking services and doing commercial sales for things like phone cards. Services typically provided by other countries post offices that defray costs. Can this and sources be provided? LamontCranston ( talk) 21:29, 3 September 2020 (UTC)