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+--- Thread: usps (/showthread.php?tid=13095)
RE: usps - LouA_imp - 02-21-2021
To those that have had good service I'm truly happy for you. However,as they say,"it takes only one bad apple,etc." There's no reason to be rude or talk down to a customer. And be told how many customers are behind me. P o no longer exists for me.
RE: usps - Blockhead_imp - 02-21-2021
I’ve never had any problem whatsoever with the USPS and I use them a lot for business. Those people work hard, I appreciate what they do.
RE: usps - jimgl3_imp - 02-21-2021
I'm glad some like usps, but I think this about sums it up...
The U.S. Postal Service reported Thursday a fiscal 2019 net loss that more than doubled $8.81 billion, from $3.91 billion a year ago. The USPS said about $3.4 billion of the increased losses were a result of discount rate changes on actuarial calculations affecting workers' compensation expense.
RE: usps - LongRanger_imp - 02-21-2021
Yep, as interest rates fall, the present value of future pension obligations increases. It impacts all business which still offer a defined benefit (pension) plan. As the present value of these future obligations increases, the plans become underfunded and companies must make a provision in their financials to account for the shortfall. If you currently participate in a pension plan at your employer and are offered a lump sum payout, grab it! The value of that payout will likely never be higher than it is now.
USPS is facing a disruption to their business model, first with faxes, then email, and now independent shippers (Amazon, etc.). It’s no wonder they struggle. I think they need to cancel Saturday home delivery as a first step to reducing expenses.
RE: usps - Cormanus - 02-21-2021
LR, how do defined benefits' schemes work in the US? Do they all pay lump sums or do some offer an indexed pension?
RE: usps - LongRanger_imp - 02-21-2021
They typically don’t begin to pay out until the employee qualifies for retirement, which is usually based on a combination of age and years of service (or if the employer offers early retirement). At that point, the employer typically provides a fixed annuity paid over the employee’s remaining life. Most plans also offer spousal / survivor benefits, though at reduced payouts. A one-time lump sum payout may also be offered upon retirement in lieu of an annuity. Based on actuarial tables, the present value of each alternative is roughly equal.
In the US, pensions are a dying breed because of their cost and risk to the employer. Instead, most employers now offer qualified contribution plans (401k’s), which shift the burden to the employee through the availability of pre-tax and after-tax contribution plans. The employer usually makes a matching contribution to the employee’s plan based on a percentage of the employee’s salary. If an employee fails to fund his plan, it’s on him.
RE: usps - Cormanus - 02-21-2021
Thank you.
RE: usps - jimgl3_imp - 02-21-2021
Saturday? Why not stop Sunday home delivery? I about fell out the first time a usps truck came up my driveway on a Sunday. Saturday is one thing, but Sunday? Come on!
article I found says Amazon contract requires weekend delivery and usps would sink without Amazon contract...
RE: usps - Houtman_imp - 02-22-2021
This is America : I want it and I want it NOW !
You have to pay for that kind of service .
RE: usps - jimgl3_imp - 02-22-2021
heck, we're beyond that. I would never ever pay for shipping. Amazon wants you to have it now. And they want you to buy it again. and here's a few more things you need based on your browsing habits. LOL!