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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.
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. Five...
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 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 ...
WORLD TRADE CENTER, NY — A bill to provide retirement benefits to public employees with 9/11-related illnesses passed the state legislature in the last days of session, according to a...
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.
Estimated yearly retirement costs: $50,321 Average yearly earnings for 65+ households: $29,018 (13th highest) Average yearly homeownership costs for seniors: $21,648 (4th highest)
And as a result of past underfunding, due to optimistic rate of return assumptions, and other pension enhancements that benefitted the TWU, such a retroactive inflation adjustment for retirees and an end to employee contributions, the cost of the pension plan to New York City Transit soared from $468 million in FY 2005 to $770 million in FY ...
CalPERS administers the following categories of benefits to members: Retirement benefits under defined benefit plans; Deferred compensation and other supplemental income plans; Disability retirement and industrial disability retirement; Death benefits; Health benefits; Long-term care benefits; Retirement benefits under defined benefit plans
The Metropolitan Transportation Authority (MTA) unveiled a 20-year needs assessment, including a list of initiatives to address New York City’s aging transit system.