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NYCT Retiree Benefits FAQs. Click on one of the links below to view and print frequently asked questions about your 2024 Benefits. TWU Local 100 and MTA Bus TWU Local 100.
Our employees have access to comprehensive healthcare benefits, training programs, paid leave, retirement benefits, transportation passes, and more. Learn more about the benefits available at the MTA.
The purpose of the Metropolitan Transportation Authority (“MTA”) Retiree Welfare Benefits Plan (“Other Postemployment Benefits Plan” or “OPEB Plan” or the “Plan”) and the related Trust Fund is to provide a vehicle
average salary for life. Only an estimated 18% of new hires in large, private companies still have access to a traditional pension • Alternative for MTA employees earning $75,000 or more to choose a “401(k)-style” defined contribution plan with tax-deferred retire - ment savings. The MTA contributes 8% of salary each year into this
Under the terms of the 401(k) Plan and 457 Plan, you may defer current income for retirement through weekly payroll deductions while reducing your tax liability. Participation in one or both [401(k) and 457] plans allows you to tax-defer up to a maximum of $18,500 for the 2018 plan year.
The purpose of the Metropolitan Transportation Authority (“MTA”) Retiree Welfare Benefits Plan (“Other Postemployment Benefits Plan” or “OPEB Plan” or the “Plan”) and the related Trust Fund is to provide a vehicle for the MTA organization to set aside funds to assist it in providing health and other welfare benefits to eligible
This Employee Benefits Summary contains information concerning some of the benefits you will receive as a New York City Transit employee. This Employee Benefits Summary is for informational purposes only and may be modified at any time. If a conflict exists between this
