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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.
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.
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.
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.
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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 —...