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Stay Informed – Police and Fire Plan

… quick tips and updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and information …

Making Adjustments to Earnings and Days Worked – Enhanced Reporting

… If you need to correct a member’s earnings or days worked, … submit an adjustment using Retirement Online . Adjustments can be included in your regular report file. You can only … or faxed to 518-474-9898. For questions about adjustments, use our help desk form (select “Monthly Employer Reporting” …

DiNapoli: MTA Budget Outlook Improves

… resources now expected to be available over the course of the financial plan period, yet it still plans to … Since February, the MTA has eliminated the 2014 budget gap and reduced out-year gaps to a cumulative total of $240 … and to begin new expansion projects, such as the next phase of the Second Avenue Subway. In an effort to reduce the …

DiNapoli: MTA Faces Worst Financial Crisis in History

… billion in 2022, $2.8 billion in 2023 and $3.1 billion in 2024. The 2021 budget gap is more than half (53 percent) of … projects ridership -- and the revenue it brings -- will return to pre-pandemic levels by 2023, this is premised on … assistance. As Congress negotiates another stimulus package, DiNapoli urged that additional transit assistance be …

All-Agency Contract Evaluation System

… contractors/consultants in compliance with its All-Agency Contract Evaluation (ACE) review process and taking action … consist of two to five categories depending on the type of contract. For instance, architect and engineering …

DiNapoli: MTA'S Homeless Outreach Program Didn't Do Much Outreach

… can see firsthand that homelessness is a growing problem in the transit system, but the MTA is not doing enough to … informed that outreach efforts at LIRR stations within NYC were only taking place on overnight shifts Sunday through … The contract requires BRC to have three independent living specialists, two clinical supervisors, three shift …

IX.9 Administrative Recoveries - Transfers to Other Funds – IX. Federal Grants

Selected Aspects of the All-Agency Contractor Evaluation System at Long Island Rail Road, Metro-North Railroad, New York City Transit, and Triborough Bridge and Tunnel Authority

… whether the Metropolitan Transportation Authority (MTA) is monitoring and evaluating its contractors/consultants in … Evaluation (ACE) system and taking appropriate action where performance ratings are less than satisfactory. We also … contracts where the same contractor is party to a new contract (either alone or in a joint venture). Issues …

DiNapoli Report Highlights MTA's Significant Needs

… be awarded contracts for modernization this year. Subway cars are aging and increasingly prone to break downs. The … in 2022, up from 20 years in 2013. Replacing the oldest cars, which are over 40 years old and break down at nearly … to 2025. It is concerning that some of the replacement cars have arrived with equipment problems. Overall, MTA needs …

DiNapoli: MTA Capital Funding Gap May Exceed $12 Billion

… than 10,000 miles in 1982. However, subway track and cars are the only two out of twelve asset categories that have … to repair and modernize subway stations. The ventilation plants for 40 percent of high-priority subway tunnel segments … is older. More than half of the MTA’s bridges and tunnels are at least 70 years old. The MTA estimates that it needs to …

DiNapoli Report Tracks MTA's Shifting Revenue Streams

… The Metropolitan Transportation Authority (MTA) pays for its operating budget from a wide variety of sources, but the decline in paid ridership since the pandemic and economic changes … this amount comes from the PMT, which grew 41%, from $1.3 billion in 2012 to $1.8 billion in 2022. The 2023 PMT …

Stay Informed – Basic Plan with Increased-Take-Home-Pay (ITHP)

… quick tips and updates on a variety of retirement topics. Sign up for E-News , our email newsletter, for the latest NYSLRS news and information …

DiNapoli: MTA Budget Gaps Return

… not coming back as fast as the MTA hoped. With farebox and tax revenues down, a pause on congestion pricing and other … ridership will reach 80% by the end of 2026, a much slower return than the consultant’s July 2021 prediction of 86% by … — such as an economic slowdown that damages ridership and tax revenues — budget gaps could reach as much as $3 billion …

DiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population

… the database showed the client was reported placed at the Park Slope Women’s Shelter on Oct. 11, 2017, more than a year … when someone is actually placed in a facility. Didn’t Make Station Visits Based on the homeless population, BRC was … supposed to visit stations either twice a week (high risk station), once a week (medium risk), or once every six weeks …

Existential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA

… led to a dramatic drop in riders – and ridership revenue – for transit systems across the country. 1 Nevertheless, the … both subways and buses (see Figure 2). According to the latest year-to-date data from May 2022, the farebox operating ratio for New York City …

State Comptroller DiNapoli Statement on MTA 2023 Budget

… Thomas P. DiNapoli released the following statement today regarding the Metropolitan Transportation Authority’s … of its 2023 budget : “The 2023 budget adopted by the MTA today is balanced using $600 million in undetermined funding … Thomas P DiNapoli released the following statement today regarding the Metropolitan Transportation Authoritys …

Contracts for Personal and Miscellaneous Services (Follow-Up)

… Purpose To determine the extent of implementation of the four … that while the Metropolitan Transportation Authority’s (MTA) constituent agencies are required to determine whether … documentation was often not prepared. In addition, the MTA did not have a requirement to periodically assess whether …

DiNapoli: MTA Financial Outlook in Precarious Balance

… needs to address before emergency federal funds dry up in 2025. After that, the MTA faces enormous budget shortfalls … federal support in Congress’ proposed infrastructure bill (H.R. 3684 - Infrastructure Investment and Jobs Act) … by allowing the MTA to borrow less, but passage of the bill remains uncertain. In addition to planned capital …

State Agencies Bulletin No. 1745

… Purpose To notify agencies of the PayServ procedural changes required as a result of the … Update the plan, election date and contribution rate on the Retirement Plans page in PayServ for existing members, … for enrollment of Optional Employees and loan and arrears updates for all members. Notifications will not be sent by …

MTA's Fiscal Challenge: Fill the Gap, But Not at Riders' Expense

… Additional borrowing could increase pressure on fares and tolls, and while the MTA should look for opportunities for … an amount comparable to a 1 percent increase in fares and tolls. The analysis notes that the MTA’s outstanding debt is … four times the amount in 2003; The MTA raised fares and tolls by 29 percent between 2007 and 2013, more than twice …