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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. [1] [3] In 1971, LACERA began administering a retiree healthcare benefits program. [1]
The agency directly operates a large transit system that includes bus, light rail, heavy rail (subway), and bus rapid transit services. Metro also provides funding for transit it does not operate, including Metrolink commuter rail, municipal bus operators and paratransit services. The agency also provides funding and directs planning for railroad and highway projects within Los Angeles County.
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 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 ...
Benefits for Employees of New Transit Agency May have a Whole New Look - Benicia, CA - Board members split on how salaries, benefits, pensions should be determined.
The budget promises pension boosts this January to a select group of retired public employees: those who retired from the state, local or public school teaching jobs before the Raimondo-era ...
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 North America, [4] the NYCTA has a daily ridership ...
The Malvern company is looking to improve things for its employees with better education help, family leave, and retirement support.
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".
A breach in the Transportation Department’s (DOT) transit benefit program might have exposed data for congressional employees. A DOT spokesperson told The Hill in a statement that the Office of ...