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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 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.
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.
Here are the biggest retirement changes coming in 2023aol.com- NYC School Bus Driver Strike Could Affect 150K Kids, Chancellor Warnspatch.com
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Should the City ask its retirees to pay 15 percent of their health insurance costs? Should retirees have to shoulder the cost of a 15 percent increase? Why or why not?