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LACERA was established on January 1, 1938, following passage of the County Employees Retirement Law of 1937 (CERL), which mandates LACERA to pay for the defined retirement benefits of Los Angeles County employees and their beneficiaries. In 1971, LACERA began administering a retiree healthcare benefits program. Management
Plenty of state workers are asking when they’ll see raises that unions won earlier this summer through contract bargaining. The short answer? Soon, but not immediately. When will I get my...
The Los Angeles County Metropolitan Transportation Authority operates the third-largest public transportation system in the United States by ridership with a 1,433 mi 2 (3,711 km 2) operating area and 2,000 peak hour buses on the street any given business day. Metro also operates 109 miles (175 km) of urban rail service. [1]
More than 3,400 state employees have retired or have filed written intention to retire this year, but that number is expected to increase before July 1. Employees who retire after that...
Rich Scinto, Patch Staff. CONNECTICUT — State officials announced the tentative state employee union bargaining agreement, which calls for multiple years of raises and bonus payments. The ...
calpers.ca.gov. The California Public Employees' Retirement System ( CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families". [3] [4] In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits, [5 ...
MTA and Transport Workers Agree on Pay Increase for Transit Employees - Fort Greene-Clinton Hill, NY - The eight percent wage increase would be implemented over the next five years.
When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [89] In 1970 the fare was raised to 30 cents. [90] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
Under the Senate Finance Committee plan, any state employee earning $50,000 or less would receive a $1,375 raise. Those earning more than $50,000 a year would receive a 2.75% pay increase. The ...
Just before the contract ended, the MTA offered a 3.5% per year raise and no change in the retirement age, with the caveat that new transit workers pay 6% of their wages into the pension fund, up from the 2% that current workers pay. The offer was rejected, and a strike declared.