By Lori Ann LaRocco, CNBC Senior Talent Producer
NEW YORK ( CNBC) -- The financial woes of the U.S. Postal System have become a point of contention on Capitol Hill. The Postal Service is supposed to make a $5.5 billion payment to its retiree health care fund by November 18th... but doesn't have the money. U.S. Postal Service workers have a retiree health care benefit in addition to their pension. Before Congress passed the Postal Accountability and Enhancement Act of 2006, the USPS operated under a pay-as-you-go model for retiree health care funding. The new law requires the Postal Service to pre-fund its benefit obligations. "The idea is that enough money is saved over the course of a career that the benefit is fully paid for by the time the worker retires.
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