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Wednesday, June 26, 2013

ANOTHER NAIL IN THE COFFIN THAT TRIMET EMPLOYEES HAVE THE 'RICHEST BENEFITS IN THE COUNTRY'

One of the key issues revolves around pension contributions. A comprehensive analysis by the Bay Area News Group found that BART tops the list of Bay Area government entities who foot the entire bill of the costs associated with employee pension plans, costing taxpayers an extra $17 million last year. Read more about the hidden costs of BART’s “sweetest public employee perk.”
BART SEIU & ATU union employees earn an average of $134,000 annually in wages, overtime and benefits
  • BART employees have not received a wage increase in four years.
  • Union leaders are asking BART for a 23% increase in wages over the next three years
  • BART employees pay nothing for their pension and a flat rate of $92/month for healthcare regardless of the number of dependents
  • BART benefit costs have quadrupled over the past  10 years
  • An ATU/SEIU employee who retires at age 59 after 30 years on the job will receive $42,600 per year in annual retirement benefits
  • Currently, BART employees contribute $0 toward their pension plan, BART riders and taxpayers fund their retirement plans
  • Bart Update

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