Best Practices in Managing Annuity and Health Insurance Obligations to Retired Transit Employees

This project will review the transit industry's best practices and policies for managing and financing post-retirement obligations to employees and develop a Best Principles Guidebook that the Federal Transit Administration (FTA) will disseminate to transit agency managers and policy makers to help improve their retirement program management and financing capacity. FTA's primary concern in this research is to help transit agencies take stock of and manage post-employment programs that have generated legacy costs. As in other sectors of the economy, legacy costs threaten to reduce transit agencies' ability to finance current services. This research will develop inherently hard-to-implement, but realistic and necessary, best principles by which to change transit industry norms in post-retirement programs. The contractor will produce white papers for discussion and a final report in the form of a Best Principles Guidebook.

Language

• English

Project

• Status: Active
• Funding: $88178.00
• Contract Numbers:

  MD-26-6010

• Sponsor Organizations:

  Federal Transit Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Hodges, Tina

• Performing Organizations:

  Jack Faucett Associates

  Bethesda, MD  United States 
• Principal Investigators:

  Lawrence, Michael

• Start Date: 20110600
• Expected Completion Date: 0
• Actual Completion Date: 20111200
• Source Data: RiP Project 30014

Subject/Index Terms

• TRT Terms: Best practices; Employee benefits; Financing; Policy; Retirement
• Uncontrolled Terms: Health insurance
• Subject Areas: Administration and Management; Public Transportation; Railroads;

Filing Info

• Accession Number: 01465732
• Record Type: Research project
• Source Agency: Federal Transit Administration
• Contract Numbers: MD-26-6010
• Files: RIP, USDOT
• Created Date: Jan 3 2013 3:04PM