They rolled over when it was proposed in 2011. And when finally enacted in 2012. Now, we are left to pick up the pieces. Struggling to glue back and fix the damage they allowed to happen.
At the recent Retiree Chapter meeting Tom Brown spoke about the “Three legged stool”
of retirement benefits: Defined Benefit pension, TDA and Social Security.
There actually was a “four legged stool” the three he cited and Medicare, Medicare supplement at no cost and Medicare Part B reimbursement but the UFT and MLC cut that leg off!
Mike Bloomberg, long time Republican, took office as a Democrat, and systematically took apart labor gains of fifty or more years. He broke unions, continuing his horrific influence by draining the UFT retirees funding via his proxy, Michael Mulgrew, who passively looks on as Charter schools proliferated without in-place labor agreements. He agreed to drain one billion in retirees’ funds to pay for a teeny new labor agreement, salary. 3%???
At the recent Retiree Chapter meeting Tom Brown spoke about the “Three legged stool”
of retirement benefits: Defined Benefit pension, TDA and Social Security.
There actually was a “four legged stool” the three he cited and Medicare, Medicare supplement at no cost and Medicare Part B reimbursement but the UFT and MLC cut that leg off!
Mike Bloomberg, long time Republican, took office as a Democrat, and systematically took apart labor gains of fifty or more years. He broke unions, continuing his horrific influence by draining the UFT retirees funding via his proxy, Michael Mulgrew, who passively looks on as Charter schools proliferated without in-place labor agreements. He agreed to drain one billion in retirees’ funds to pay for a teeny new labor agreement, salary. 3%???