Search results
Results from the Go Local Guru Content Network
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 transportation in the New York City ...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering .
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.
How you manage your retirement accounts in 2024 will have a direct impact on the tax bill you’ll face next April. A surge in retirement account balances last year has started to roll out for ...
The Employee Retirement Income Security Act of 1974 (ERISA) (Pub. L. Tooltip Public Law (United States) 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry.
The key metric reflective of a sound pension system is considered 80% funded status. The county's total unfunded pension gap is $3.66 billion, compared to $1.88 billion estimated in the 2023 ...
With Sarles' retirement, the post of general manager was filled by Paul Wiedefeld on November 30, 2015. On January 18, 2022, WMATA announced that Paul Wiedefeld would be retiring from Metro in 6 months and WMATA's board of directors will be conducting a national search for his replacement.
Exploring expenditures reveals more about retirees’ financial health. Data from the Bureau of Labor Statistics indicates that in 2022, Americans aged 65 and older spent an average of $57,818 ...
In December 2005, the TWU Local 100 called a strike in New York City. Negotiations for a new contract with the Metropolitan Transportation Authority (MTA) broke down over retirement, pension, and wage increases. The strike began at 3:00 a.m. EST on December 20.
The Office of the Metropolitan Transportation Authority (MTA) Inspector General (OIG) is the Office of Inspector General specific to the Metropolitan Transportation Authority (MTA) that is responsible for conducting monitoring and oversight of MTA activities, programs, and employees.