The post office is $10 billion in debt. Who do they owe that money to?

They owe this money to Gerard Depardieu

My aunt works at the post office (she is actually the union steward), and she gives the answer really quickly why the post office is broke.... Because the post office has to pay retirement and pension benefits to anyone who has ever worked there. People who have quit years ago are still getting checks. That is good for them, but bad for the post office budget.

That is "who" they owe the money to -- people who worked at the post office in the past. It's a union thing. Now my aunt, being shop steward, is more on the pro-union side than I am, but she readily admits that the union is costing the post office a fortune, and it may be unsustainable.

in the scale of government costs 1 billion is not much and is absorbed into yearly profit and loss. companies like GM and Ford often have years of large profit and loss the post office was originally a government service like any other and paid for by general funds I believe is is supposed to be independent and operate on income like stamps and reduce costs where possible. the whole point of a government is to provide needed services that would NOT be met by private profit making companies. If you pay $1.00 a stamp they will be "in the black" I remember stamps at $0.03 and "penny postcards" the modern Internet and e-mail is changing the postal service. I same about $8.00 a month in stamps for bill by electronic banking. but I pay over $100 a month for the computer service. the mail system made Rural America part of the the whole country. the conservative idea that only the rich deserve to live is just plain immoral.

the U.S. postal service lent our government almost 70 billion dollars from their retirement funds they are in a deficit because the postal service pays for future employees benefits and were never paid back from our government, it may also be an issue of paying supervisors too much but 50k a year to sort THOUSANDS of letters a day, manage wages, make sure all the mail is delivered, and many more things doesn't seem too high considering the president makes over 400k a year for the rest of his life.

they also pay 5.5 million dollars each year toward future employees benefits.....

I don't know about the $10 billion but do know they are supposed to pay $5.5 billion this month toward postal workers' health care benefits and they don't have the money. And, yes, eventually the tax payers will have to bail them out.

The only money Congress budgets for the USPS is to cover postage-free mailing for all legally blind persons and for mail-in election ballots sent from US citizens living overseas. A portion of the funds also pays USPS for providing address information to state and local child support enforcement agencies.

That is the shortfall of the funds for the Postal Workers Union Benefits & Retirement Plan !!!!!

Starting Salary for Postal Workers Federal jobs offer great benefits including health insurance, life insurance, paid vacation time, paid sick leave and 10 paid holidays a year. Finding information on the jobs and interpreting salary scales can sometimes be difficult. Here is a breakdown of job classifications and entry level salaries for the United States Postal Service.

Job Types

Jobs at the U.S. Postal Service are categorized as bargaining unit and non-bargaining unit as well as career and non-career. The pay scales for bargaining unit jobs are set by collective bargaining agreements. The pay scale for non-bargaining positions is set by the Postal Service. This pay scale, called the Executive and Administrative Schedule (EAS), covers a variety of jobs from administrative assistant to lead economist. Non-career employees include temporary and casual employees hired and released based on work volumes. In the U.S. Postal Service's 2008 annual report, ******* the agency had "663,238" career employees and "101,850" non-career employees. "More than 85% percent of (the) career employees are covered by ****** collective bargaining agreements, according to the Postal Service annual report. *******

APWU

The American Postal Workers Union (APWU) is the largest postal union representing more than 260,000 career postal employees. The APWU is for postal employees in the clerk, maintenance and motor vehicle services crafts. Effective Aug. 30, 2008, the entry level salary level for workers in the APWU is $33,443.

Letter Carriers

The National Association of Letter Carriers (NALC) is the second largest postal union, representing approximately 214,000 career employees. The NALC covers carriers who deliver mail to homes and businesses on city delivery routes. Effective Nov. 22, 2008, the entry level salary level for workers in the NALC is $41,888.

Mail Handlers

The National Postal Mail Handlers Union (NPMHU) represents nearly 58,000 career postal employees. Mail handlers are responsible for unloading sacks of incoming mail, separating and delivering mail to sorting machines and sometimes rewrapping packages damaged in mail processing machines. The starting salary for NPMHU employees is $32,553 per year.

Rural Letter Carriers

Rural carriers deliver the mail on routes outside of the city delivery area. They are paid based on the hours they work each week, and they use their own vehicle instead of a Postal Service delivery vehicle. The entry level salary for a rural carrier who works a 48-hour work week is $51,170.

Other Jobs

Career jobs at the Postal Service also include EAS positions and part-time and flexible positions. The entry level salary level for an EAS employee is $20,875. Part-time and flexible employees work less than 40 hours per week and their work hours change based on the needs of the Postal Service. These positions include a variety of jobs from maintenance worker to security guard and entry level pay ranges vary. The lowest rate for these positions is $12.29 per hour...

Their unionized workers, who secured a contract earlier this year that essentially includes a no-layoffs clause as well as generous health benefits.