Episode Summary
Daniel speaks to UFT executive board member and high school educator, Ronnie Almonte, and Marianne Pizzitola, President of NYC Retirees, about serious questions surrounding the massive growth of the United Federation of Teacher’s Welfare Fund in the last decade while members are seeing their benefits seemingly diminish.
The Welfare Fund now has a net worth of 800 million because of bulk transfers from the City’s Healthcare Stabilization Fund but teachers and other union members are seeing their healthcare and dental benefits erode.
It’s causing quite a controversy within the union among educators and has ramifications for taxpayers and all city workers and retirees.
Episode Notes
Jonathan Halabi - UFT Welfare Fund nest egg – bigger than most nests
Ronnie Almonte - The UFT Welfare Fund Widens Gap Between Investments and Benefits Paid—Again
Ronnie Almonte - The UFT Welfare Fund is Prioritizing Investments over Dental Benefits
The Wire - UFT Mulgrew’s Unity Caucus vows to protect our Welfare Fund from themselves?
The Wire - Mulgrew and UFT Unity, Not MLC, Initiated Health Cuts
What’s going on with the UFT Welfare Fund?- with Marianne Pizzitola and Ronnie Almonte