The contract of the Transport Workers Union (TWU) expired on January 15, 2012. To determine what a fair wage increase would be in the current fiscal climate, this report applies the criteria specified by the Public Employment Relations Board (PERB) for determining arbitration awards.
President Carol Kellermann pens an op-ed urging the legislature to pass Governor Cuomo's proposal to modernize the State's pension system by offering new employees a 401(k)-style option.
As 2012 begins and the New York State Legislature begins a new session, its first priority should be reform of the financing and benefits of pensions for state and local employees. Such reforms are urgently needed because (1) the relatively high cost of the current system places New York at a competitive disadvantage, and (2) these costs have been growing and are projected to continue growing, making a bad situation worse.
The CBC today released a policy brief titled “The First Priority in the New Year – Pension Reform.” It compiles the latest financial data on the rising cost of pension obligations of government entities in New York State, including New York City, other localities and the MTA, and, in doing so, underscores the case for comprehensive pension reform to alleviate financial burdens statewide.
CBC Executive Vice President and Director of Research Chuck Brecher pens an op-ed on our recent report comparing the MTA's unit costs with other large urban transit agencies in the United States.
This report helps identify priorities for ongoing efforts to control costs at the MTA through benchmarking. This is accomplished by comparing unit cost measures with other large urban transit agencies in the United States, which helps point the way to areas in which the MTA is out of line with practices in other places and suggests priorities for new efficiency initiatives.
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