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In 2012, it managed defined benefit pension plans for 156,563 civil servants (members), including 56,752 retirees, making it the largest county retirement system in the United States. [4] [5] In 2018, LACERA's net assets were worth US$55.8billion .
Number of vehicles. 2,429 commuter rail cars. 6,418 subway cars. 61 SIR cars. 5,725 buses [1] 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 purchased and took over subway, elevated, streetcar, and bus operations from the Boston Elevated Railway in 1947. In the 1950s, the MTA ran new subway extensions, while the last two streetcar lines running into the Pleasant Street Portal of the Tremont Street Subway were substituted with buses in 1953 and 1962.
The Los Angeles County Metropolitan Transportation Authority operates the third-largest public transportation system in the United States by ridership with a 1,433 mi 2 (3,711 km 2) operating area and 2,000 peak hour buses on the street any given business day. Metro also operates 109 miles (175 km) of urban rail service. [1]
Unlike traditional pension plans, in which the employer promises a specified monthly benefit at retirement, 401 (k) plans are funded by contributions deducted directly from the employee’s ...
MYmta is a mobile application -based passenger information display system developed by the Metropolitan Transportation Authority (MTA) of New York City. A beta version of the app was launched on July 2, 2018, and as of June 2019 is still undergoing beta testing. While other applications exist which serve similar functions, MYmta is an all-in ...
These traditional pension plans offer a specific annual retirement benefit that’s typically based on salary and years of service. For 2024, the maximum annual benefit can be up to $275,000.
A closed entrance to the 45th Street station in Sunset Park, Brooklyn. The 2005 New York City transit strike, held from December 20 through 22, 2005, was the third strike ever by the Transport Workers Union Local 100 against New York City's Transit Authority and involved between 32,000 and 34,000 strikers. In December 2005, the TWU Local 100 ...
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