In 2021, TWU Local 100 raised serious concerns about the MTA’s pension calculations under the Tier 6 legislation, and our concerns were right on target. The MTA has confirmed that thousands of workers were overcharged for Tier VI contributions. As a result of our advocacy, the MTA is now refunding these wrongful deductions, with interest accrued through August 1, 2024.This correction affects approximately 8,000 Tier 6 employees from 2012-2022, who will receive the money that was incorrectly taken from them. However, despite our years of fighting for justice, several significant issues remain unresolved. The audit also revealed that some members may have been undercharged, and as a result were not paying into their pension.
To address this, the union secured payment options for any required repayments, ensuring that they are manageable. This prevents members from facing undue financial strain and ensures they retain their full pension benefits. Without our intervention, members could have been faced with paying interest on this money from day one until retirement, paying the amount in full, or even subject to loss of time counted toward retirement. We have filed a lawsuit against the MTA due to persistent problems with how they are calculating the amounts owed, the interest they promised to return , and the lack of effective dispute resolution methods.
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It is unacceptable for our members to bear the consequences of the MTA’s errors without a fair and transparent resolution process. We are demanding that the MTA establish a procedure to Verify, Dispute, and Adjudicate any discrepancies related to these pension calculations. This process must be transparent, fair, and accessible to all affected members. We will continue to fight tirelessly to ensure that the MTA addresses these issues and that our members receive the full protection and restitution they deserve. The welfare of our members remains our top priority, and we will be relentless in standing by you every step of the way. Stay tuned for updates on our ongoing lawsuit.
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