Since this ended up being the final version of the bill, I should clarify: this bill will necessitate major restructuring of how the post office operates, so the static-formula figures I presented aren't the last word. An attempt to expand service in a manner that increases overhead costs, while still lowering overall costs, is likely, so the full $32 Billion in projected savings may not be seen. As mentioned before, due to the ceiling on labor costs, apart from a radically different business model, postal employees can expect pay and benefits to be cut in half (which would then be substantially below that of private sector competitors).
With all due respect, I don't see how this is even remotely the case. Labor and pension costs currently consume 75% of the Atlasian Postal Service's expenses, compared to 46% of their private competitors. How insanely drastic could these cuts possibly be that would get
anywhere near cutting everything in half?
Further, what would be the effect on future pension payouts if we staggered the reductions, and froze the pension payouts of those currently receiving them? (Also, if we made the loan a one-time payout, absolving them of financial obligations on that front?)
