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

[John Swindler]

Hope this works.

http://www.post-gazette.com/pg/07078/770635-147.stm


Also try this one - and I would focus on paragraph concerning the use of 
bonds for capital expenses

http://www.post-gazette.com/pg/07073/769248-147.stm


or this one

http://www.auditorgen.state.pa.us/department/press/wagnerfindsportauthpittaccrued28millshortfall.html


or these

http://www.thepittsburghchannel.com/team4/1808462/detail.html

http://www.thepittsburghchannel.com/team4/1810726/detail.html


Note that the last two are from 2002.

John







>From: "Edward H. Lybarger" <trams2 at comcast.net>
>Reply-To: pittsburgh-railways at dementia.org
>To: <pittsburgh-railways at dementia.org>
>Subject: [PRCo] Re: ({[pat]}__service__cuts__2007.01.23
>Date: Mon, 19 Mar 2007 10:06:28 -0400
>
>Read this morning's Post-Gazette for further pension detail.  It's on page
>1.
>
>-----Original Message-----
>From: pittsburgh-railways-bounce at lists.dementia.org
>[mailto:pittsburgh-railways-bounce at lists.dementia.org]On Behalf Of John
>Swindler
>Sent: Monday, March 19, 2007 9:51 AM
>To: pittsburgh-railways at dementia.org
>Subject: [PRCo] Re: ({[pat]}__service__cuts__2007.01.23
>
>
>
>
>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
> >
> >
>
>_________________________________________________________________
>Get a FREE Web site, company branded e-mail and more from Microsoft Office
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>
>
>
>

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