Pension 101 - The Basics of Tier 4, Tier 6 and MTA Bus Pension Plans

Whether you’re TA, OA or MTA Bus, we’ve got you covered!

Tune in and learn the basics of your pension plan including how your pension payment is calculated in just under 6 minutes!

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Michael Enriquez
Shop Steward, TWU Local 100

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Chapters

0:00 Intro
0:30 Tier 4
0:44 Tier 4 - Member Contributions
0:53 Tier 4 - Vesting
0:59 Tier 4 - Retirement Benefit
1:26 Tier 4 - Final Average Salary
1:40 Tier 4 and Tier 6 Pension Calculation Example
2:14 Tier 6
2:31 Tier 6 - Member Contributions
2:57 Tier 6 - Vesting
3:03 Tier 6 - Retirement Benefit
3:20 Tier 6 - Overtime Cap
3:45 Tier 6 - Final Average Salary
3:57 MTA Bus
4:20 MTA Bus - Vesting
4:24 MTA Bus - Member Contributions
4:42 MTA Bus - Retirement Benefit
5:05 MTA Bus - Pension Calculation Example
5:31 Outro