Postal Chief's $384,000 Pay Sparks Call for Cut
CNNMoney.comBy Jennifer Liberto | CNNMoney.com
Postmaster General Patrick Donahoe received a base salary of $271,871 in 2011, according to a November filing by the service with the Securities and Exchange Commission. But he also made another $81,954 in pension and deferred compensation. And he benefited from $30,404 in "other" compensation, including security costs, life insurance premiums, parking and financial planning services...
http://finance.yahoo.com/news/postal-ch … r-cut.html
all the "little people" that do the work are suffering...why is he so special?
Let's see, 300 million people mailing 1 piece of mail a year and considering just the 1 penny increase in postage is $3,000,000.00. So you can extrapolate on the amount of money the PO is pulling in. People tend not to think of it as a government entity. And yours is an example of why the rates keep going up. They can retire after 20 years on the job with full pension so we're supporting non-workers.
Where were all these government agencies -- and I mean federal, state, county and city -- when the private sector abandoned defined benefit pension plans in favor of defined contribution plans?
I just shake my head.
Of all the bureaucrats on the government payroll, did they not have a single ACTUARY running the numbers on life expectancy and future costs?
The US Postal Service hasn't been a government agency since 1971 when Nixon privatized it and rarely receives any federal funds, I think they receive some minimal subsidies occasionally. Recently the Postal Service ended the 2011 fiscal year with a lose of $5.1 billion, that's billion with a "b". They also lost $3.3 billion in the first fiscal quarter of 2012.
http://about.usps.com/news/national-rel … 11_124.htm
http://www.reuters.com/article/2012/02/ … HL20120209
That's way too much for one person. You could put 4 people in there and do 10 times the work and they would be happy working for a 4th of that amount. And you can't tell me he's that smart that he's worth that much. My opinion, Greg
by Stacie L 6 years ago
By Emily StephensonThe U.S. Postal Service announced plans on Thursday to close or consolidate 223 mail processing centers and eliminate up to 35,000 jobs as part of its strategy to cut costs by reducing its network of facilities. http://www.msnbc.msn.com/id/46501840/ns … 0a963m2auI I am...
by Wayne Brown 7 years ago
Should the USA consider privatizing the Postal Service? What are the pros and cons?
by Dennis L. Page 5 years ago
The Republicans want to introduce a bill to stop home delivery of mail. Instead they propose the United States Postal Service set up "mail hubs" or in other words, designated areas with clusters of mail boxes for pickup. Apparently in the zest to streamline the postal service there seems...
by Stacie L 7 years ago
Obama's Postal Service plan would cut Saturday mailWASHINGTON (Reuters) - The Obama administration's plan to rescue the U.S. Postal Service would allow the agency to end Saturday mail delivery and sell non-postal products, according to documents released on Monday.The plan, introduced alongside a...
by John Coviello 5 years ago
Are you in favor of ending U.S. Postal Service delivery on Saturdays?The U.S. Postal Service is ending delivery on Saturdays starting in August 2013. Are you in favor of this policy change? This is obviously a prudent money saving move by the Postal Service (which is losing money),...
by marymootoo 7 years ago
The public sector unions have threatend mass stike action over pensions, do you think that this is the right thing to do? Is it fair that in the present climate for a group of people to inflict the threat of misery for personal gain?
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|