Quote:
Originally Posted by IowaFarmGal
I'm curious if the money the postal service has to pay to fund their pensions 75 years into the future is treated in the same way. Does that go into the general fund too and is borrowed from?
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No, it doesn't, Iowa. (It used to be, but they changed that in 2001, when they set up a trust empowered to invest in other ways.)
"The sole purpose of the Trust is to manage and invest Railroad Retirement assets. The Act authorizes the Trust to invest the assets of the Railroad Retirement Account in a diversified investment portfolio in the same manner as those of private sector retirement plans."
From:
http://www.rrb.gov/mep/nrrit.asp
By the way, George, it's conceivable that we could change our laws and do something similar with the Social Security trust fund. But that raises huge, huge issues, which are a whole other story for another day.