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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.
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.
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.
Some of the most well known major public benefit corporations in New York State include the Port Authority of New York and New Jersey (actually a bi-state authority created by interstate compact ), the Metropolitan Transportation Authority, and the Empire State Development Corporation.
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.
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 —...
Traffic & Transit MTA Pledges $500K Coronavirus Death Benefit To Workers' Families "We can't bring back our heroic co-workers," said Local 100 President Tony Utano.
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.
How Friendly Is New York For Military Retirees - New City, NY - A new analysis ranked U.S. states on friendliness to veterans based on availability of health care, job opportunities and...