WEB OFFSET REPORT -- Looking to Offset Losses

According to Benjamin Cooper, executive vice president of Public Policy at PIA, the roots of the retirement funding issue go all the way back to the founding of the modern USPS in 1970. "It was not, as some believe, privatized," he explains. "It was created as a quasi-government entity. Employees were provided many of the same rights as federal employees, including participation in the CSRS."