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OPEB comprises mainly retiree health care benefits. State and local governments have long hid retirement benefit obligations, including pensions and OPEB, off their balance sheets.
NEW YORK — A new package of New York laws will help volunteers and first-responders who aided the 9/11 rescue efforts access their pension and health benefits, state officials said.
During the 2005 transit strike, both the strikers and the MTA violated portions of the Taylor Law. Section 210 states that the workers are not allowed to strike; Section 201, Part 4, states that employers are not allowed to negotiate benefits provided by a public retirement fund or payment to a fund or insurer to provide an income for retirees.
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, 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.
More than 64,000 retired city workers have opted out of a controversial Medicare plan that Mayor Adams’ administration is hoping to implement despite legal concerns, according to records ...
The union agreed to move the contract expiration deadline from mid-December to mid-January and a first-time 1.5% employee contribution to health benefits with first-time medical coverage for its pre medicare (pre age 65) retirees.
Despite the financial penalty, 45,646 retirees have declined the Advantage plan in favor of staying on Senior Care, according to data provided to the Daily News by City Hall.
The city had asked the judge to set a Nov. 30 deadline for opting out of the controversial health plan, saying there otherwise wouldn't be enough time for the benefits to kick in by Jan. 1 —...
But a new report shows that retiring comfortably in one state can can cost nearly twice as much as another. That means a 65-year-old retiree who lives to be 85 might need — get this — an extra...
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.