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SeVenSinZ

Retirement and Pension for Train Operator

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Ok, can some please break down to me the retirement process for me? 20 years? 25 years? Does the MTA pay your pension or do you have to contribute from your check? Please elaborate...

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Ok, can some please break down to me the retirement process for me? 20 years? 25 years? Does the MTA pay your pension or do you have to contribute from your check? Please elaborate...

Are you hired yet? Thats something you worry about once yer hired i feel all will be explained,but its 25 years in service and 55 years age just to start. Edited by RTOMan

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No, I'm not hired yet. I was just asking a whole bunch of questions to try and get a feel for what I'm going to be getting myself into. I ask about retirement because I didn't know. I know a lot about different agencies and how their retirement system works, just didn't know about the MTA's. 25 and 55 sounds just about right, which isn't bad compared to the field I'm currently in. I work at the airport, and trust me, there ain't no retiring over there.. gotta be like 67 years old just to say "I'm retired". And that's just the start.. But thanks for the info.. appreciate it..

Edited by SeVenSinZ

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Ask during HR orientation once you start. These things just changed so what is true for us might not be for you.

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The only thing that changed is that we'll have to pay 3 times as much for our pension than the current workers (6% as opposed to 2%). Maybe something in the Triborough Amendment can extend the 2% rate to those of us that get in before the new contract, but highly unlikely!

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Oh and we cant pad our pensions with overtime during the last 5 years, but who wants to work overtime when they're old anyway???

 

 

You cant..

 

People down here Do though...

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Lots of people work overtime their last years to increase their pensions. Some TSSs and even at least one Superintendant have even demoted themselves so they can make more overtime in their former job titles.

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The only thing that changed is that we'll have to pay 3 times as much for our pension than the current workers (6% as opposed to 2%). Maybe something in the Triborough Amendment can extend the 2% rate to those of us that get in before the new contract, but highly unlikely!

 

 

Boo hoo! Do you know how many people in the private sector would kill to pay 6% of their salary to get a pension!!!!!!!!!!!! lol

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There's no such thing as a govt. shutdown. When the govt. "shuts down" there are still cops and firefighters on the street. Forget to feed the meter, and I guarantee you there will be a ticket on your windshield even during a govt. "shut down."

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Either way, they gave in. It's still a better pension than what i have at the post office (which probably wont exist when i retire anyway). But damn, SO CLOSE!

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