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The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Metropolitan Transportation Authority. The Metropolitan Transportation Authority (MTA) provides local and express bus, subway, and commuter rail service in Greater New York, and operates multiple toll bridges and tunnels in New York City. The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public ...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
Category. : Public benefit corporations in New York (state) New York state public-benefit corporations are commonly used by the state government to perform a specific purpose, such as investment in infrastructure or regulation of horse racing. These corporations are frequently referred to as authorities .
Since New York Focus and THE CITY broke the news of the planned shift in April, retirees have voiced concerns that the new plan will saddle them with barriers to care, smaller networks and higher ...
So, these New Yorkers who setup their S Corporations and decided that they didn't have to file corporate tax returns are now out $1,500-$2,500 when they could have just paid a CPA $250-$400 to ...
Local Voices Retirees Crash Adams Event To Blast Medicare Advantage Plan The switch to a privatized plan would save the city $600 million a year, but retirees say it's not what was promised to them.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...