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The 2006 Congressional mandate that the Postal Service prefund future retiree health benefits for the next 75 years, and do so within a decade, accounts for 90 percent of all red ink since the measure took effect, including more than $3 billion last quarter alone.

In 2006, the GOP Congress passed a bill that required the Postal Service to fully fund future retiree health benefits for the next 75 years and to accomplish this within a 10-year period.

Mr. Brendsel's severance also includes $3.2 million in salary and bonus payments over the next two years and health care and life insurance benefits for the next five years, the company said.

THE SCRIPT Narrator: "Guaranteeing Social Security benefits for the next 50 years.

Under current projections, the retirement system will take in more through payroll taxes than it will pay out in benefits for the next 15 years.

While such an assessment is wrong — even without any changes, Social Security payroll taxes could pay 100 percent of benefits for the next 25 years, and 75 percent to 80 percent of benefits for decades thereafter — anxiety about the program's future leads people to grab benefits as soon as they can.

PHILIP CORSELLO Denver, April 5, 2011 To the Editor: Alicia H. Munnell doesn't identify any near-term problems in the Social Security system and even admits that "without any changes, Social Security payroll taxes could pay 100 percent of benefits for the next 25 years".

A recent survey by the trust of 350 young people not in employment, education or training (Neet) found 18 per cent are not expecting to get a full-time job, 7 per cent are resigned to collecting benefits for the next 10 to 20 years, and half of the 16- to 18-year-olds asked worried about their future.

Dudley Borough Council has approved an 8.5 percent cut to council tax benefits for the next financial year.

With AI, I'm firmly in the camp that the benefits for the next couple decades far outweigh the negatives.

During those periods, reauthorization was expected and individuals were allowed to receive benefits through their current EUC tier and retroactive benefits for the next tier after reauthorization.

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