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| Re: Why Does LIRR Cost 30% More to Operate Than Metro-North? (1309750) | |||
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Re: Why Does LIRR Cost 30% More to Operate Than Metro-North? |
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Posted by Bill West on Wed Aug 27 16:34:55 2014, in response to Re: Why Does LIRR Cosy 30% More to Operate Than Metro-North?, posted by Bob Andersen on Wed Aug 27 16:01:23 2014. I think you have a lead there Bob. MNR is only now getting to having employees retire with a full career (say 35 years) within the company. I assume that before recent times retirees left with only 25, 15 or less years' service and proportionately less MNR pension. The pension pay for the 10 to 25 years they put in before MNR would come from the Railroad Retirement Board via PC/Conrail's responsibility. All long past and recent full career retirees from the LIRR on the other hand get all their RRRB payments via LIRR's responsibility hence the bigger entry in LIRR's budget.Of course if the incremental future cost of pensions was charged up in the year the employee's work earned it, we would see a truer cost of that year's operation and less of the cost of funding these old pension obligations clobbering current operating budgets. Bill |
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