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[quote user="Overmod"] [quote user="schlimm"]OPEBS = ?   [/quote] Other Post-Employment Benefits.  Things like retiree health costs. Read down to "The ABCs of OPEBS" in <a href="http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4646&" target="_blank" title="http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4646&">this article.</a> [/quote] This is a good article.  It does a pretty good job of explaining OPEBS in the public sector.   Amtrak's is a capital stock corporation and, therefore, unlike a public entity, i.e. government, school district, state university system, follows GAAP accounting rules as opposed to government accounting standards.  Amtrak's OPEBS expense is the present value of its actuarial obligations for post retirement benefits. Part of it represents an accrued expense and part of it represents a cash outlay.  If I remember correctly, the unions took Amtrak to court to force it to fund adequately the OPEBS. They won.
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