($455B) This program is carried out under a FAU proposed Project Labor Agreement with the United States Postal Service (USPS) and its unions by paying the bill for the current estimated $125B in unfunded liabilities and debt and capitalizing a rebuild of USPS as a global logistics infrastructure with a fleet of modern trucks and transports $30B that would include 10,000 newly rebuilt post offices that would serve as FAU Mighty Forefront National Incident Service Hardened TEMPEST (It looks like I am out of Date – Current DOD Term Emsec (for Emissions Security); however, the term Tempest is still widely used in the civilian arena) Sites able to withstand a Electromagnetic Pulse and support Civilian Emergency Response Teams based on the PAC RED Model $50B and global shipping ports and American flagged Ships $50B with an electric auto buy of a million vehicles by 2024 for$50B including USPS delivery and bulk, purchase and rebuild AMTRACK’s 1,350 train cars at a cost of $20B and Boeing will love the $100B order for the new African American Airways and its affiliate the All African Airways along with shipping lines investment to reflag a major International shipping line as a American company with a $30B capitalization.
FAU will create an employee stock ownership plan in its Public-Private Partnership that supports African American Employee Stock Ownership Plans
An employee stock ownership plan (ESOP) is a qualified defined-contribution employee benefit (ERISA) plan designed to invest primarily in the stock of the sponsoring employer. ESOPs are “qualified” in the sense that the ESOP’s sponsoring company, the selling shareholder and participants receive various tax benefits.
The Employee Retirement Income Security Act of 1974 (ERISA) (Pub.L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a federal law that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by:
- Requiring the disclosure of financial and other information concerning the plan to beneficiaries;
- Establishing standards of conduct for plan fiduciaries;
- Providing for appropriate remedies and access to the federal courts.
ERISA is sometimes used to refer to the full body of laws that regulate employee benefit plans, which are mainly in the Internal Revenue Code and ERISA itself.
Responsibility for interpretation and enforcement of ERISA is divided among the Department of Labor, the Department of the Treasury (particularly the Internal Revenue Service), and the Pension Benefit Guaranty Corporation.
The United States Postal Service (USPS)
The United States Postal Service (USPS), (also known as thePost Office, U.S. Mail, or Postal Service), is an independent agency of the United States government responsible for providing postal service in the United States. It is one of the few government agencies explicitly authorized by the United States Constitution.
The U.S. Mail traces its roots to 1775 during the Second Continental Congress, where Benjamin Franklin was appointed the firstpostmaster general. The Post Office Department was created in1792 from Franklin’s operation, elevated to a cabinet-leveldepartment in 1872, and transformed in 1971 into the U.S. Postal Service as an agency of the U.S. government.
The USPS as of February 2015 has 617,254 active employees and operated 211,264 vehicles in 2014. The USPS is the operator of the largest civilian vehicle fleet in the world. The USPS is legally obligated to serve all Americans, regardless of geography, at uniform price and quality. The USPS has exclusive access to letter boxes marked “U.S. Mail” and personal letterboxes in the United States, but still competes against private package delivery services, such as the United Parcel Service (UPS) and has part use with FedEx Express.