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The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York. The MTA is the largest public transit authority in North America, serving 12 counties in Downstate New York, along with two counties in southwestern Connecticut under contract to the Connecticut Department ...
Some local governments do not offer defined-benefit pensions but may offer a defined contribution plan. In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS).
The Association of BellTel Retirees, Inc. advocates for more than 205,000 Bell Atlantic, NYNEX, GTE, MCI, Idearc Media|Idearc/SuperMedia, and Verizon union and management retirees.
LONG ISLAND, NY — A total of 43 LIRR employees earned more than $250,000 in 2020, according to payroll data released by the Empire Center for Public Policy.
The deal gave NYCTA workers the ability to retire with about half-pay after twenty years if the employee was over fifty years old. This would later cause problems, as large numbers of transit workers would retire to take advantage of these benefits.
Military retirees may not always need special benefits when compared with other retirees, but they deserve them — and not every state seems to know it.
A surge in retirement account balances last year has started to roll out for retirees who are already taking their required minimum distributions (RMDs) from IRAs and workplace plans.
Using 2000-2024 estimates, the annual hike in the average monthly benefit of all retired-worker beneficiaries was 3.53%. At this pace, the benefit could jump 23% to $2,348 by January 2030.
Conversely, the MTA had wanted to raise the retirement age for newer workers from 55 to 62, but dropped this demand in exchange for pension contributions from new workers of 6% of gross salary per year for the first 10 years of employment.
Public employee pension plans in the United States. 401 (k) 403 (b) - Similar to the 401 (k), but for educational, religious, public healthcare, or non-profit workers. 401 (a) and 457 plans - For employees of state and local governments and certain tax-exempt entities.