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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. In 2018, LACERA's net assets were worth US$55.8billion.
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.
This would later cause problems, as large numbers of transit workers would retire to take advantage of these benefits. On March 1, 1968, the NYCTA, and its subsidiary, the Manhattan and Bronx Surface Transit Operating Authority (MaBSTOA), were placed under the control of, and are now affiliates of the Metropolitan Transportation Authority (MTA).
The MTA's congestion pricing plan for Manhattan will go into effect on June 30. The Metropolitan Transportation Authority officially passed the plan that will charge vehicles entering Manhattan...
The full retirement age for Social Security is 67 years old for most American workers, so what does the average Social Security recipient get at this age?
Retirees who turn 65 during the second half of 2024 and sign up for Medicare benefits will pay higher premiums than a year ago. The Medicare Part B premium is now $174.70 a month, up from...