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Hoyt
Hoyt's Journal
Hoyt's Journal
July 29, 2020
Don't really think that is going to happen. I do know that if a company promises to pay medical
benefits in the future, that is accounted for as a liability. State and Local Governments were required to do the same thing in the mid-2000s (Governmental Accounting Standards Board (GASB)).
The Post Office should do the same.
In any event, I don't see it as a terrible requirement for the USPS to release pricing data to receive a $10 B loan that gets them at least through the year. That requirement seems mostly symbolic since trump could pick up the phone, call his recent Postmaster appointee and say send it to me. In fact, I bet the feds already have it.
Info on GASB rules on Local and State Government accounting for retiree benefits: https://www.cbpp.org/research/accounting-for-the-cost-of-retiree-health-and-other-benefits-gasb-45
July 17, 2020
A new song for the times -- BLM, Corona, trump.
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Member since: Thu Jan 20, 2005, 09:46 PMNumber of posts: 54,770