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Highlights

The Consolidated Rail Corporation (Conrail) grew out of a plan to restructure bankrupt railroads in the Northeast and Midwest into an economically viable rail system. Monthly displacement allowance claims were awarded to protected employees under the Regional Rail Reorganization Act of 1973. The statute specified that the Railroad Retirement Board was to reimburse Conrail for the actual amounts paid to or for the benefit of protected employees from a separate U.S. Treasury account. A review was conducted to determine how long it takes Conrail to pay these monthly displacement allowance claims.

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