United States Postal service is losing money because in 2006 the Republican-led Congress passed a law forcing it to prepay its pensions for 75 years to bankrupt its business and be privatised for profit.

The 2006 USPS pension law and the 2019 Annual report support part of the claim but whether it was done to bankrupt the business is unverifiable.

The 2006 USPS pension law and the 2019 Annual report support part of the claim but whether it was done to bankrupt the business is unverifiable.The Postal Accountability and Enhancement Act were introduced by Rep. Tom Davis in the year 2006. The text of the 2006 USPS pension law passed by the Congress had not mentioned anything about the prepaying of its pensions for 75 years, but it did mention pre-payments for retiree benefits through 2056.

The Government Accountability Office's document had rebutted by saying that PAEA doesn't require USPS to pre-fund 75 years of retiree health benefits over 10 years. Further, the annual report of 2019 mentioned that the PSRHBF prefunding requirement has contributed significantly to the losses since its enactment.

But whether the move to introduce the bill was meant to bankrupt the postal service and benefit private players is something which cannot be verified.