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The Metropolitan Transportation Authority Police Department (MTAPD) is a division of the Metropolitan Transportation Authority in New York state. [2] MTA police officers are fully empowered under the New York State Public Authorities Law and are commissioned in the state of Connecticut.
The San Francisco Municipal Transportation Agency (SFMTA or San Francisco MTA) is an agency created by consolidation of the San Francisco Municipal Railway (Muni), the Department of Parking and Traffic (DPT), and the Taxicab Commission.
Former members of DC37, who are retired from state and/or local government service, are represented by the DC37 Retirees Association and other retiree organizations, including the New York City Organization of Public Service Retirees (for Benefit Preservation). [3] [4] DC37 was chartered in 1944 by AFSCME to represent public employees in New ...
An Employee Stock Ownership Plan (ESOP) in the United States is a defined contribution plan, a form of retirement plan as defined by 4975(e)(7)of IRS codes, which became a qualified retirement plan in 1974.
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The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [10] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [11]
In October 2018, the average monthly benefits for a new retirement pension (taken at age 65) was just over $664.00 per month, and the maximum amount in 2019 was $1,154.58 per month. Monthly benefits are adjusted every year based on the Consumer Price Index. CPP benefit payments are taxable as ordinary income.