[PRCo] Re: ({[pat]}__service__cuts__2007.01.23

[John Swindler]

There are two PAT pension plans.  The one for union employees is in good 
shape.  It's the management pension fund that is underfunded.  Over past 6-7 
years, management instituted some extremely generous provisions for their 
own benefit.  These benefits would have been approved by the PAT board which 
is appointed by the Allegheny County commissioners.

But it is not politically correct to mention this.

John


>From: Herb Brannon <hrbran at sbcglobal.net>
>Reply-To: pittsburgh-railways at dementia.org
>To: pittsburgh-railways at dementia.org
>Subject: [PRCo] Re: ({[pat]}__service__cuts__2007.01.23
>Date: Sun, 18 Mar 2007 17:05:05 -0700 (PDT)
>
>I just took a look at the PATransit website. One article explains the cuts 
>which are going to be made to retired employees pensions, medical coverage, 
>etc. I'm glad I did not retire from PATransit ! It looks like the retired 
>employees are going to loose a lot of benefits do to no funding being 
>available. A really sad situation.
>
>   BTW, Jim Holland has not posted for some time now. Anybody heard from 
>him lately?
>Jim Holland <prcopcc at p-r-co.com> wrote:
>   From another list:::::::
>.
>.
>.
>There was outrage in Pennsylvania's second largest city to proposed
>transit cuts and fare hikes by Port Authority of Allegheny County,
>Pittsburgh's light rail and bus operator. A series of public hearings
>began today:
>http://www.post-gazette.com/pg/07022/755895-100.stm
>In a story in the Pittsburgh Tribune-Review, staff writer Jim Ritchie
>traced Port Authority's troubles since it acquired Pittsburgh Railways:
>http://www.pittsburghlive.com/x/pittsburghtrib/search/s_489650.html
>.
>.
>.
>Jim___Holland
>
>
>
>
>
>
>Herb Brannon
>
>

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