Re: naz...democrats plans to seize 401k assets (382730) | |||
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Re: naz...democrats plans to seize 401k assets |
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Posted by AlM on Sun Nov 9 12:54:56 2008, in response to Re: naz...democrats plans to seize 401k assets, posted by Fred G on Sun Nov 9 10:40:12 2008. Is that MTA defined benefit pension plan tax funded?It is partially funded by employee contributions, but they don't cover the entire cost of benefits. The remainder is part of the MTA budget - funded by a combination of revenues, taxes, and (possibly, ugh) borrowing. |