Millions taken from the Stabilization Fund for wages & given to the city unions’ welfare funds.The UFT now sits on a billion dollar nest egg while members pay more out of pocket for stagnant benefits.
Excellent and long awaited assessment. We need an independent forensic audit. The City Council and other entities mentioned are in the pockets of the unions. Just as Pete Harckham (NYS senator) caved to pressure from the afl-cio on the NYS bill to protect all NYS retiree health benefits. Mulgrew is on the board of the AFL-CIO. Harckham was threatened with loss of support and donations. There is a seasoned professional who has done forensic audits for various pension funds. Time to blow the whistle.
Retired for 5 years now from the UFT. I’m disappointed and totally disgusted by Mulgrew who tried to push us into Medicare Advantage Plan and added copays. It comes down to misogyny, the majority of teachers are women whereas many of our so-called Unity leaders are male. NYCPD AND NYCFD pay no premiums on medications and no copays. Teachers are the unwanted step children of city workers.
Excellent abd informative piece.
So how can we get an audit underway?
What steps are needed to ensure that it happens?
Excellent and long awaited assessment. We need an independent forensic audit. The City Council and other entities mentioned are in the pockets of the unions. Just as Pete Harckham (NYS senator) caved to pressure from the afl-cio on the NYS bill to protect all NYS retiree health benefits. Mulgrew is on the board of the AFL-CIO. Harckham was threatened with loss of support and donations. There is a seasoned professional who has done forensic audits for various pension funds. Time to blow the whistle.
Thank you , everyone must read this.
It is a sign of hope that the Comptroller is exiting with an audit of the Health Stabilization Fund.
A day of reckoning is coming. Mulgrew and the MLC are roasting the books and chestnuts over an open fire.
https://www.thecity.nyc/2025/12/22/city-comptroller-audit-health-stabilization-fund-brad-lander/
Retired for 5 years now from the UFT. I’m disappointed and totally disgusted by Mulgrew who tried to push us into Medicare Advantage Plan and added copays. It comes down to misogyny, the majority of teachers are women whereas many of our so-called Unity leaders are male. NYCPD AND NYCFD pay no premiums on medications and no copays. Teachers are the unwanted step children of city workers.