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Sunday, October 11, 2020

Lump Sums Delayed, on Average, 4 1/2 months | JD2718

Lump Sums Delayed, on Average, 4 1/2 months | JD2718

Lump Sums Delayed, on Average, 4 1/2 months




Thursday, two days ago, Bill de blasio announced NYC would not pay UFT members the lump sum payments owed them on time. Michael Mulgrew announced that the UFT would fight – by going straight to arbitration.
The arbitrator, on Friday, ordered the city to pay half the amount in two weeks (October 31 instead of October 15), and the other half July 1, 2021.
The payment was the last and largest chunk left over from when Bloomberg refused to negotiate fairly with us. When de blasio came in we got a new contract, but some of the money owed us was pushed forward. And instead of being retroactive, it was made into “lump sums” – more about that, later.
This affects members who worked 2009-11. We should be aware that for the many members hired after that, they experienced the events of the last few days as a fight between City leadership and Union leadership, just as they have experienced much of the news from the last seven months. Does anyone know how many in service members have no financial stake in this? I am guessing 40-50%, but I could be wildly off.
In my school only 5 or 6 members are not due a payment – but we are probably not typical. At the other end of the spectrum, members who are paycheck to paycheck, or who had spent the lump sum in advance, or who had upped their TDA without backup, they still will hurt – but now they are looking at CONTINUE READING: Lump Sums Delayed, on Average, 4 1/2 months | JD2718