President Rolando interviewed by
Sept. 21, 2011 -- President Rolando recently was interviewed for a story for "Federal Times Newsmaker" about strategies to solve the Postal Service's financial problems.
"The last four fiscal years, the Postal Service has made an operational profit of almost $700 million," he said. "But because of a 2006 law, they've been required to pay into this pre-funding account about $21 billion, and that accounts for every penny—and more—of the losses.
"So we're talking about being required to pay premiums for people that don't work for us yet, in fact for some people that aren't even born yet," he said.