Each year the Postal Service reports a loss of around $6 billion. Its balance sheet has an even bigger problem, though. A $73 billion and growing retirement plan deficit. The problem is, the Postal Service is limited by law where it can invest employees’ retirement funds. Paul Steidler, senior fellow at the Lexington Institute, joined Federal Drive with Tom Temin with some recommendations.
Tom Temin is the host of The Federal Drive, 6 a.m.-10 a.m. on 1500 AM in the Washington, D.C. region and online everywhere.
Tom also writes a weekly commentary. Subscribe to Federal Drive's daily audio interviews on iTunes or PodcastOne