[lotsofpulp]

Seems I was wrong about funding for retiree healthcare benefits. But I wonder if there is no funding rules for it because they are not a legally protected benefit like DB pensions.

I would agree that politicians did try to handicap USPS probably to benefit UPS/FedEx. I would also say every entity, government or non government, should be required to fund future promises today, otherwise it should be listed as debt on the balance sheet.

Deferred compensation is used too easily to shift costs from today into the future and keep those costs off the books, either by not accounting for them at all or undervaluing them.