But buried in the resolution the board approved last month is language that enables the additional money to go, in part, to "meeting operating expenses such as employee wage rates and fringe benefits."
Workers in most cases pay $92 a month for health insurance, regardless of how many dependents they have. The district contributes anywhere from $692 monthly for coverage of only the employee to $1,948 for a family with two or more dependents.
BART historically has had some of the best paid transit workers in the nation, especially train operators and station agents. At the same time, employees contribute nothing toward their Nike Air Max Thea Womens Shoes pensions and very little toward their health benefits.
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The pension and retiree health care benefits are expensive, yet over the years BART has failed to properly fund them. As a result, on top of the capital shortfall, the system has a $636 million unfunded liability for its retirement programs, roughly double what the fare increases are expected to generate over the next eight years.
the federal government. But not a dime should go to compensation. Nor should money currently going for capital needs be diverted elsewhere.
system is deeply in debt, riders are already paying too much, yet directors have left the door open to using the fare increase for increased compensation of employees who already enjoy generous salaries and benefits.
BART riders, already forced to pay far too much to travel on the transit system, should not be expected to fork over more to boost the compensation of workers who are well compensated and enjoy rich pension and health benefits.
And workers starting at age 50 can retire after just five years on the job and continue to receive the same heavily subsidized health benefits on top of their pensions.
BART next fiscal year will pay 52 cents toward pensions for every dollar of payroll. And for other workers, the transit system will pay 20 cents for every dollar of payroll.
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BART must lock in promise that fare increase will be used only for capital needs
Ticket machines located in the 19th Street BART station in Oakland, Calif. Passengers will soon be seeing an increase in fares. (Steve Dempsey/Staff)
The timing couldn't be worse. As BART prepares to enter negotiations with unionized workers whose contracts expire this summer, the last thing the board should be doing is signaling that it intends to fatten the pot of funds available for salaries and benefits.
fare increases will be needed to leverage capital funding from Nike Air Max Thea Womens White
We don't like the automatic fare increases, but we reluctantly accept that they are needed for capital improvements. We recognize that, after failing for nearly four decades to set aside adequate funds, the agency faces an estimated $6.1 billion shortfall over the next 25 years just to refurbish and replace existing equipment.
BART directors and officials say that revenues from fare increases they just approved for every even numbered year from now to 2020 will go only for capital improvements.
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