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Airline pensions are privately funded and privately operated by the airlines. As I recall, Railroad pensions are provided through the government agency called the "Railroad Retirement Board" {RRB} which predates Social Security. The RR pensions were not set up by the railroads as some employees drifted from RR to RR. Think the term for them was "Boomer". I believe the Social Security System Administration now also takes care of the RRB. Both employees and the RR contributed to the RRB. As I recall, it was much higher than the rate for Social Security when it started. Sorry, that's the best that I can recall. Anybody else who can add anything?
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