In the Staff Summary of MTA Consolidated 2015 Budget and 2015 to 2018 Financial Plan, there are few assumptions used by the MTA in the development of their plan. MTA have different assumptions for few months within their plan. In the following months plan, the assumptions that MTA include in that months are as follow; The funding for the labor settlements require the temporary diversion of resources originally targeted for addressing long-term costs and liabilities. “The July Plan included a $254 million drawdown of Other Post-Employment Benefits (OPEB) reserves, a suspension of annual OPEB contributions of approximately $120 million through 2017, the elimination of planned supplemental pension contributions of approximately $25 million per year, and an $80 million per year reduction in annual PAYGO capital. These assumptions remain in the November Plan” (n.d., 2016). The November assumption Plan also have a reflection on the financial impact of the most recent settlement. This impact has an effect on several LIRR labor unions, following the pattern established in the LIRR union coalition settlement, and the assumption that all other unions will follow the same pattern.
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The plan is broken down which provide the final estimate of revenues from 2014 to 2018. The fare revenue comes from the Long Island Rail Road, Metro-North Railroad, MTA Bus Company, New York City Transit, bridges and tunnel and Staten Island Railway. The total fare and toll revenue for 2014 is $7,285.322, 2015 is $7,590.171, 2016 is $7,743.856, estimate for 2017 may be $7,810.013, and 2018 may be $7,871.872. The total MTA Agency Ridership and Traffic estimate for 2014 is 2,713.035. The adopted budget for 2015 is 2,753.990, 2016 is 2,790.535, 2017 is 2,812.773, and 2018 is 2,835.124. MNR baseline utilization reflects East-of-Hudson service
There are a few pros of the Railway Labor Act, one being that employees can sue in federal court if they feel like an employer is violating this act. Employees can receive reinstatement and backpay as seen fit by the courts. Another pro is that the railway Labor Act has few restrictions on the tactics used when unions go on strike. They do not ban secondary boycotts against other RLA-regulated carriers and they can engage in other types of strikes that could be unprotected under the National Labor Relations
This strike was a battle over several issues. One factor that escalated the strike intensity was the pensions battle. Billons of dollars in pensions were on the line. The Teamste...
The push for Congress to pass legislation protecting the rights of employees and their retirement was inevitable. Retirement plans are extremely important for all working individuals. Having funds to keep or exceed ones current standard of living and to enjoy one’s life beyond expectations after retire...
In the planning process, the health care organization’s first step should be to identify alternative expense reduction measures that can be implemented. Marshall and Broas (2009) and McConnell (2006) state that measures such as hiring freezes, reduced work hours, reduced salaries or bonuses, early retirement, limited use of temporary workers and discrepancy spending should be explored first before resorting to mass reduction in the workforce. Given the numerous legal cases in which employees have accused companies of lavish spending during layoff processes, a company should consider taking expense reduction measures. This would show that the company had explored another alternative before resorting to a RIF, and it would also help employers dismiss employees claims that the RIF was not necessary or discriminatory ( Marshall & Broas,2009) .Whatever alternative expense reduction measures were taken by the company along with the reasons for doing so should also be documented( Marshall & Broas,2009).Documenting the reason for the RIF, should be the next step.
service they run. After all of this, there is no money left for the Hartford
The amount of letters commissioned in America has been steadily decreasing on a daily basis. The majority of citizens are now sending their letters via e-mail or other methods of technology. Postal service companies such as USPS are struggling to keep business thriving. To compete with the technological advances in modern America, USPS should restructure their postal systems by terminating unessential delivery days and strategically limiting postal branches in order to conserve government money.
Wallerstein, M. & Western, B. 2000. Unions in Decline? What Has Changed and Why? Annual Review of Political Science. 3: 355-377.
The Metropolitan Atlanta Rapid Transit Authority (MARTA) is one of the largest transit systems in the United States. It is the ninth largest system, transporting over 550,000 passengers daily. MARTA provides bus and rapid rail service to the most of the metropolitan area of Atlanta. The transit agency was established in 1971 with the passage of an authorizing referendum by voters in Fulton and DeKalb counties and the city of Atlanta. MARTA is a public authority that operates under Georgia law. The agency is governed by a board of directors with representation from several counties including Fulton, DeKalb, Clayton, and Gwinnett as well as the city of Atlanta. MARTA has approximately 4,500 employees. The majority of MARTA's operating revenues come from fares and a sales tax from customers.
The Texas Department of Transportation has, for Fiscal Year 2006, a budget of $7,732,365,130.00.1 This sounds like a substantial sum, seeing as how the previous year’s budget was almost $2 billion dollars less. It is not a substantial sum, however; or, at least, not substantial enough.
The city of Virginia recently put a tax on the Elizabeth River Tunnel. The tunnel connects Norfolk and Portsmouth and didn’t develop tolls until February 2014 (Kelly 2014). This new toll forces residents, commuters, and visitors to pay a tax starting from one dollar to four dollars. The recent tunnel tolls added to the mid-town and downtown tunnels in Hampton roads are causing commuters and citizens to make some drastic lifestyle changes. Students and employees are considering changes to their employment and the universities they attend to save time and money as a result of the cost of commuting. If the average toll is two dollars a day, then people are spending about 60 dollars a month. What was once a relatively easy trip for many has become costly in both time and money. Because the addition of the tolls have divided the population into those who agree, and those who disagree; the media has played a large role in promoting the argument against the addition of the tolls. The 60 dollars people spend every month can go towards more than a toll; especially if a person is having very hard times. The tunnel tolls have caus...
I believe that the union and management did not fulfill their objectives and consequently reached a settlement that did not improve Zinnia’s future competitiveness in the market. Although the union and management initially agreed to focus on wages and health insurance, they bargained a contract that does not reflect their objectiv...
health care. The Governor of California wants the taxpayers to believe state employees are the
The subway started its initial run at that time, under the auspices of the Interborough Rapid Transit Company (IRT), traveling nine miles through 28 stations in Manhattan. Even though Boston built their subway seven years earlier that New York City, NYC has the largest American rapid transit system in The U.S.A. At that day approximately 100,000 New Yorker tried the submerged railroad which was only in Manhattan, starting from south of the borough in City Hall heading north until Harlem station. The ticket costed a five cent coin. However, a year later the expanding reached the Bronx to have better connection outside the island. Three years later, IRT opened their lines in Brooklyn and toke another seven years to run their trains in Queens. Unfortunately, they never connected the subway lines to the fifth borough, but Staten Island has its own subway system since it is an island and it is hard and expensive to construct long tunnels underwater. In 1968, the Metropolitan Transport Authority (MTA) had the charge of running the system until today. The system has more than 25 lines scattered in the four boroughs with about 470 stations. The engineers studied the infrastructure of NYC to locate ewers, gas pipes, water mains, electric conduits, and other subsurface structures accurately to avoid any kind of accidents. They used the classic cut and
The first post office in the United States was established in seventeen seventy-five, which makes it the oldest most reliable post service in history. It is a well know fact that in the beginning, this business was called the Pony Express, which began in eighteen sixty. Years later the US Post office has become the largest company that we rely on to deliver our mail. This mailing institution delivers more mail to a larger area than any other delivery service in the world. They are rendering assistance to more than one million people in North America. There are over six hundred thousand employees and in excess of thirty four thousand facilities nationwide. This institution thrives to provide customer service, available products, transport of products, and accessibility to all consumers. The United States Postal Service is a reliable, excellent, and efficient delivery service. They supply a wide variety of convenient products to help with any shipping needs consumers may have.
...$238 billion shortfall over the next 10 years, and Potter outlined a cost-cutting plan that involves a restructuring of postal workers’ health benefits and regulatory changes. His main objective is to eliminate Saturday delivery. Post offices would remain open on Saturdays. He emphasized that the mail volume is expected to drop from 177 billion pieces in 2009 to 150 billion in 2020 and out of 32,000 post offices nationwide, 26,000 have expenses exceeding revenue. By eliminating Saturday deliveries, the USPS predicts a $3.3 billion savings in the first year and $5.1 billion by 2020.