Federal Pensions

Federal Pensions
United States Postal Service

This federal organization which has civilian employees is in great financial distress. From FY 2007, the expenses have exceeded their revenues with the trend of unfunded pension liabilities increasing. As of FY 2015, the annual amount needed for the pension fund was $12.6 billion USD but the USPS only paid $6.7 billion USD. So in one year, they were short by $6.1 billion USD dollars. In all, the USPS has accrued $125 billion USD in unfunded liabilities.

Within in our research, we were able to speak with a current employee and a current retiree. Neither of them had any idea the financial distress that their company was going through, especially with regards to their pension benefits. So there is a definite lack of transparency. The only way they would have found out about this would have been to do some research such as we did.

Back to Pension Debt