What about the reduction of the fixed rate TDA interest rate from 8.25% to 7.00% while all other city employees remain at the higher rate? Was that a giveback? How did that come about and why? I read somewhere the UFT supported this.
Yes, major giveback. That one was part of a trade, so to speak. One major thing we got out of that trade, though it pales in comparison, is not having to come in until after Labor Day.
What about the reduction of the fixed rate TDA interest rate from 8.25% to 7.00% while all other city employees remain at the higher rate? Was that a giveback? How did that come about and why? I read somewhere the UFT supported this.
Yes, major giveback. That one was part of a trade, so to speak. One major thing we got out of that trade, though it pales in comparison, is not having to come in until after Labor Day.