USPS pension Ponzi scheme

This Reason magazine article is about the United States Postal Service's pension system. Its pension system has a $50 billion unfunded liability. That's an "accounting term for the gap between what actuaries expect the system to owe current workers and retirees for the rest of their lives and the revenue it's expected to take in from paychecks and investment earnings." 

If a private sector company's pension plan has a severe unfunded liability, the federal government's PBGC will intervene and shut it down. The federal government is not likewise intervening on the USPS pension plan. This shows the federal government's hypocrisy and a double standard. 

The article also refers to the $70 billion unfunded liability of the USPS fund for paying health care expenses for retired workers. There is no PBGC counterpart for private sector plans that pay such expenses. Private sector companies are not required to prefund health care expenses for retired workers mainly because they could, theoretically, eliminate those benefits at any time. If a private company terminates a plan that pays retiree health care benefits, it doesn't make a new gaping hole because the payments it makes are small. Nearly all retirees get most of their health care expenses paid for by Medicare, Medicare Advantage, Medicaid and Medicare supplement insurance. In other words, there are alternative resources. However, there is no different resource for retiree USPS health care expenses. The federal government still has the funding obligation. The only way the federal government could get rid of its liability for USPS retirees is to stop paying their health care expenses. Rest assured that won't happen.