Canada Post may be a Crown Corp, but when you say taxpayers take the risk and not Canada Post, that is only a half truth. We are on the hook if nothing changes and the problem only gets worse. So Canada Posts's loss is our loss, but so too is Canada Post's gain our gain. It is not a three way scenario like you would like to create.
Also, your final sentence applies just as strongly to the union. They don't care if tax payers suffer, so long as they don't.
In terms of being at the mercy of future politics, I'm not so sure. If Locke is still reading this thread, he might be able to explain some of the financial details and responsibilities. However, I do know that when Chretien raided the pension surpluses in the 90s, several unions sued about it. The SCoC ruled that the government had the right to that because its actions did not deny the plan members anything they were promised. The corollary to that is that if Canada Post/the government were to take a step to try and deny that pension, the courts would slap down the government. I think it is extremely safe to say that the existing plan members are safe.
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