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The Utility Debt Securitization Authority is a separate New York State public-benefit corporation run by a governor-appointed board of trustees that is responsible for LIPA's financial reporting. [26] [27] In 2017, it had operating expenses of $122.2 million, an outstanding debt of $4.262 billion, and a level of staffing of 3 people. [28]
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
The American Federation of State, County and Municipal Employees (AFSCME) is the largest trade union of public employees in the United States. [2] It represents 1.3 million [1] public sector employees and retirees, including health care workers, corrections officers, sanitation workers, police officers, firefighters, [3] and childcare providers ...
The Vanguard Tax-Exempt Bond ETF is an index fund that seeks to track the performance of a benchmark measuring the investment-grade U.S. municipal bond market. At least 80 percent of the fund’s ...
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
Suffolk County (/ ˈ s ʌ f ə k / SUF-ək) is the easternmost county in the U.S. state of New York, constituting the eastern two-thirds of Long Island.It is bordered to its west by Nassau County, to its east by Gardiners Bay and the open Atlantic Ocean, to its north by Long Island Sound, and to its south by the Atlantic Ocean.
The International Union of Operating Engineers (IUOE) is a trade union within the United States-based AFL–CIO representing primarily construction workers who work as heavy equipment operators, mechanics, surveyors, and stationary engineers (also called operating engineers or power engineers) who maintain heating and other systems in buildings and industrial complexes, in the United States ...
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