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Railroad retirement taxes, which have historically been higher than social security taxes, are calculated, like benefit payments, on a two-tier basis. Railroad retirement tier I payroll taxes are coordinated with social security taxes so that employees and employers pay tier I taxes at the same rate as social security taxes.
They ran on the New Haven Line (then part of Penn Central, now a part of Metro-North) for most of their service life. The M4s and M6s were retired by Metro-North in 2015, followed by the last M2s in 2018. They have been largely replaced by new M8 railcars. One pair of M2s has been preserved at the Danbury Railway Museum in Connecticut.
Metro-North also provides local rail service within the New York City boroughs of Manhattan and the Bronx. Metro-North is the descendant of commuter rail services dating back as early as 1832. By 1969, they had all been acquired by Penn Central. MTA acquired all three lines by 1972, but Penn Central continued to operate them under contract.
The MTA's $68.4B capital plan includes $6B for Metro-North to replace aging railcars and harden track to withstand extreme weather events
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Hartford and New Haven Railroad: Formed in 1835 to build north from Hartford to the Massachusetts state line. Owned and operated by the Hartford and New Haven Railroad, merged into that company in 1847. [12] Housatonic Railroad: NH: 1836 1898 New York, New Haven and Hartford Railroad: Manchester Railroad: NH: 1833 1847 Hartford and Providence ...
How did Metro-North come to own the Beacon Line right-of-way? The railroad bought the Beacon Line right-of-way in 1995 for nearly $4.5 million and once considered using it as an east-west link for ...
The station is classified as a high priority under the Sunnyside Yard Master Plan. [4] The MTA later proposed in their 2025-2044 20-year needs assessment that Sunnyside station serve both the LIRR and the Metro-North Railroad, with the latter providing service to Penn Station after Penn Station Access is completed. [5]