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%???
What a precedent by Mulgrew and his negotiators, to suggest we need to pay dearly for a compensation increase that hovers around cost of living. It's really tough to imagine anything quite this stupid. If it weren't true, it would be impossible to believe. Our real enemies should give Mulgrew a medal.
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!
And he neglected to mention that our interest in TDA is lower than that of any other city union, due to yet another boneheaded deal by UFT bosses.
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%???
What a precedent by Mulgrew and his negotiators, to suggest we need to pay dearly for a compensation increase that hovers around cost of living. It's really tough to imagine anything quite this stupid. If it weren't true, it would be impossible to believe. Our real enemies should give Mulgrew a medal.