The parties were married in 1949 and their three children are emancipated. This divorce action was commenced in December 1983 and our focus on appeal is the equitable distribution of the parties' marital property. Following hearings in July and August 1984, Trial Term, by decision dated September 12, 1984, found that plaintiff, age 54, was presently unemployed while defendant, age 56, was actively employed by a railroad and had earned $24,428...
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