July 24, 2013
While operating revenues climbed 11.5% in the last three years, its health care and pension costs rose nearly 35%. Meanwhile, worker salaries have remained roughly flat for more than three years. These expenses are also eating into money budgeted for upgrades to expand service.
April 23, 2013
Beginning Jan. 1, 2014, administrative employees will contribute an average of 2% of their salaries to their pensions. That contribution will increase each year until employees are paying 100% of their employee share by Jan. 1, 2017. The plan will result in an $8.2 million savings to taxpayers over the three-year period.
May 24, 2012
Retirees who fabricated claims to get more money in their pensions would avoid prosecution and be able to keep their benefits if they admit wrongdoing as part of a deal with the federal government.
November 10, 2011
Supervisors for the signal-construction unit, which worked on Metro-North's Hudson and Harlem lines, assigned employees to nighttime duty even though they had day shifts, according to the report. The switch triggered a federal requirement that the workers rest while earning full pay during their regular shift the next day.
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