I tested on 4.2.45(1)-release basically I have tested nerdopolis@nerdopolis:~$ readonly POSIXLY_CORRECT=1 nerdopolis@nerdopolis:~$ set +o posix nerdopolis@nerdopolis:~$ echo $POSIXLY_CORRECT
nerdopolis@nerdopolis:~$ Although I will admit I'm not sure if it's supposed to do that or not