The RTC is the go-to place for the next phase of your lives. border-radius: 3px; There ought to be no givebacks for a contract that meets inflation, because it's not a raise. flex-wrap: wrap; New Action/UFT Message on Contract/Healthcare. Your TDA balance is lowered when you receive the loan, and your payments go back to your TDA account. Their decision to modify our health care in order to secure a three year contract was an abomination. But column-rule: 1px solid #ddd; That's just one reason why neither of them should be remotely involved in education. The uptick in late retirement announcements follows a similar trend around the state as teachers grapple with . The latest career retirees from school districts in Westchester County and on Long Island were eligible for pensions averaging more than $90,000. /* padding: 0; .views-element-container } display: block; Formstack styles for embedded forms */ This means you will not pay tax on that money until you make withdrawals from your TDA during retirement. /* Use this to split long lists into 2 columns. a.button, So while the contract is expired, our obligation has not. */ .uft-discounts-landing-page { Teacher Pensions Blog | TeacherPensions.org One dead in NYC multi-storey car park collapse. @media (max-width: 513px){ We love them. and oh well, they don't get them. color: #373737 !important; Retired Teacher Salary in New York, New York | Salary.com But said savings are for the city, not for us. { NYC Educator Friday, April 28, 2023 On Dropping Cope Ever since Unity Caucus decided I was public enemy number one, I've decided paying into COPE was a bad idea. padding-bottom: 1rem; .clarchives ul { I went there once, when my daughter hurt her leg, and there were 20 people in front of me. break-inside: avoid-column; .content-image--left, /* Ads were showing in the sidebar of NYT landing page, because it's an article. background-image: none; a doctor, this won't cost you ANYTHING. ************ a.button, padding: 0px 0px 0px 3rem; } background-color: #ddd; Teachers' Retirement System of the City of New York TRS is one of the largest pension systems in the United States, serving 200,000 members. justify-content: space-between; .main-content a[href^="https:"]::after, color: #ffffff !important; display: inline-block; break-after: auto; These accounts you get to choose which provider you use and you control this no matter what the NYC DOE or UFT decide. .clarchives li { flex-direction: column; width: 100%; Aetna has a plan in place to ensure there is no interruption in retirees ongoing or complex care that goes beyond September 2023. It could an issue in other components. The report, issued just as the new Legislature convenes, analyzes the results of the first full administration of these annual exams to be conducted since the onset of the pandemic. Now it's one thing to gather boots on the ground to stand and protest something. Anyway, after the test was over, there were additional directions about filling out further info, including but not limited to cell phone number and email. /* body, } UPDATE: Daniel Alicea told } Employer Contribution Rate (2019): 10.62%. display: block; why get all persnickety over that stuff when we can just cut back on .pager, color: #032e82; { } padding-bottom: 3rem !important; From the basics of your pension and TDA to understanding how loan forgiveness works and the other benefits you can and must take advantage of as a NYC teacher. content: "\2022 " If you do not return in that 7-year window, your contributions will be returned to you. .pager__link, .pager__link:link, .pager__link:visited { Median pension value (2018): $51,3600. We encourage you to join Ostrich and connect with other teachers who are working towards their financial goals. } */ Youll learn what to expect in terms of health care coverage, well talk about how to make sure your money keeps working for you after you retire, and youll get valuable planning advice from legal experts. Youll learn what to expect in terms of health care coverage, well talk about how to make sure your money keeps working for you after you retire, and youll get valuable planning advice from legal experts. page-break-before: auto; Now fearmongering is when you threaten people for no good reason. .split h1 { margin-left: 0 !important; border: 1px solid #ddd; My thinking is very much influenced by Beaten Down, Worked Up by Steven Greenhouse. NY Teacher Article Retired Teachers Chapter News April 10, 2023 The UFT has made a commitment to its Medicare-eligible New York City retirees to keep them fully informed about the Aetna Medicare Advantage PPO plan and prepared for the changes ahead. .node-type-uft_discounts .content-heading__heading max-height: 150px; Michael Mulgrew insults our intelligence when he claims these changes, which are not good enough for his BFFs, are good enough for us. The wrapper styles need to be looked at. Now "denigrate" means to criticize unfairly, or disparage. color: #032e82;} max-width: 48%; But they need our help. font-size: 2.25rem; } top: .35rem; Use the QPP, TDA, and individual retirement accounts to set yourself up to live well in the future. .pager__item { table tr:nth-child(2n+1) { background-color: #f8f8f8 !important; } Go figure. .main-content a[href^="http:"], display: block; /* Titles were enabled for UFT Discounts. Now I'm used to those low energy, boring, crooked, pathetic bloggers coming after me. For now this resets the nav to two rows. */ This would have allowed the city to continue offering GHI Senior Care for those who could afford it, like retired UFT officials who collect two pensions. Evidently Mr. Mulgrew feels HE is the UFT. .uft-discounts .views-row * ul, .uft-discounts .views-row * ol { The Newark, N.J., school district has hired about 36 retired teachers, NJ.com has reported and is paying them all $92,000 this school year. } } } .main-content a[href^="/"]::after The PSAT is even worse. background-color: white; { background-size: 100%; white-space: normal; They sold out our health care to get us a contract that should've had no givebacks whatsoever. width:24rem; font-size: medium; Do you know how many people came to see me speak at the last Delegate Assembly? Centers Announcement Banner Content } background-color: transparent !important; align-items: center; } p The quality of this health care may not be His handwriting was pretty clear. health care coverage for members. flex: 1 1 0; @media (max-width:1027px) { Or is truth still the best defense? } column-gap: auto; We don't tolerate terrorism. years. } .main-content a[href^="/"]::after .slideshow { margin-top: 28%; flex-direction: row; } Unfortunately, calculating the size of your pension check is a pain in the rear. columns: 1; } .cta a, .cta h2, .cta *, .cta a.cta__link { color: #373737; } Needed the bottom margin correction for the articles. */ @media (max-width:400px) { We'd be out there battling for a 3% raise when inflation hovers closer to 9. New York City Retirees Fight to Defend Their Medicare Benefits You lower your tax burden in the immediate term and kick the can down the road for when you withdraw the money. margin-bottom:2rem; If you are using a cell phone, please use landscape mode after logging in. I faxed it in, but you can mail it if you wish. gap: 2rem; ************ a::after, } } I asked. ************ /*-->*/. UPDATE 2: I've now received a threatening letter from a law firm contending this is "impersonation" rather than parody. text-align: center; } clear: both; } Many in the personal finance space recommend using a Roth account because of this. { column-gap: 1rem; Mike Mulgrew will tell us this is the best they can do, as always, and urge us to support an effective pay cut. ************ .event__actions__item svg { Now I don't have to do this. */ /*Leadership pages: the title on related content blocks was too tight. negotiating our health benefits with insurance providers unless we are Per Diem Substitute Nomination Retired - New York City Department of I've read a lot about union over the past few months. @media (max-width: 500px) { } Woo hoo!We just #block-uft-local-tasks, Who actually believes a cheaper plan will be as good or better? line-height: 100px; Forty-five Percent Increase in Six-Figure Pensions for Retired NYC New York City health plans Lab Technicians Nurses Occupational & Physical Therapists and Audiologists Paraprofessionals Per session, per diem and other rates School Counselors School Medical Inspectors School Psychologist & Social Workers School Secretary Sign Language Interpreters Supervisor of School Security Supervisors of Nurses and Therapists Then it became 50. .account-menu-pilot .menu-navigable__sub-wrapper .account-menu-pilot__link.retiree-resources::before { /* } margin: 0; font-size:1.8rem; padding: 0; /* Titles were enabled for UFT Discounts. font-size: 2rem; margin-right: 0; } white-space: normal; What is great about a TDA loan is that while the interest rate is higher, you are the bank! color: #373737; Now we love the leftists. margin: 0 0 1em; margin: 0; Don't they get paid for the info they share with colleges? align-items: flex-end; } To make things simple, you can use this calculator and this step-by-step guide to determine your pension inputs. flex: 0 0 auto; content: " \00A9 2022 United Federation of Teachers. There is the name of a woman you're supposed to call to discuss it. } font-weight: inherit; text-decoration: none !important; min-width: calc(50% - 40px); Never in history, and perhaps there will never be one again. You have to be at least 55 to start receiving pension distributions and 59 for the TDA and IRA. /* And I'm very, very, very glad you won. @media (min-width: 320px) and (max-width: 400px){ padding: .25rem; Could it be the three percent raise that lags well behind inflation? width: 100%; .split h2 { Delaying access to the pension results in higher payouts up to a certain age and investments left in your TDA & IRA can continue to compound. Your personal account balance is not lowered by the loan amount nor does the interest you pay get credited to your account since you borrowed against the citys money. padding: 3rem 0 3rem; At these virtual sessions, you'll receive a comprehensive introduction to the retirement planning process. { We're looking at those who've had this very experience with Aetna. min-height: 110px; } Use the Qualified Pension Plan calculator to determine when to draw down your pension. Do you believe it hasn't been misrepresented, as the previous plan was? min-width: calc(50% - 40px); We all did that together. background-image: url("/themes/custom/uft/images/icons/member-hub-icon.svg"); background-color: #fff; We don't need low energy. Eliminate health care entirely to save even more money for Eric Adams? ******** I could just stay home and enjoy. background-color: white; border-radius: 3px; background-image: url('https://www.uft.org/sites/default/files/photos/UFT_logo-black-1600.png'); max-width: 70.8%; /* Chapter Leader Update: Hub Highlight. .main-content a[href^="https:"], Of course, random strangers tend to be better at math than I am, so there's that. For example, the union and DOE could change their rules or the pension fund could run out of money. } WeAreTeachers is more than a website, it is a proud community of educators - 3 million strong - who share ideas, resources, and stories of the amazing things happening in classrooms around the country. .uft-discounts .views-field-field-discount-amount { opacity: .4; Continuity of care support NY Teacher Article Retired Teachers Chapter News April 10, 2023 The night before I had read Siddhartha by Herman Hesse, so I was feeling very philosophical. Dear Duespayer,We (notice, as President, I refer to myself Sometimes kids laugh out loud at my handwriting. .node-type-uft_discounts .content-heading__heading When I say UFT, I mean you and me--the people who teach and care for New York City's children. Will it be hidden away in some appendix somewhere like it was in 2018? These employees are horrified. } Why is the Chancellor so unmoved by pleas to not force the students of Edward Reynolds HS out of their building? } } Pension fund Calstrs braced for writedowns in $50bn property portfolio I'd expect this sort of thing from Ron De Santis, not a unionist (let alone a union president). display: none; As referenced earlier with a TDA loan, you borrow funds from your own personal TDA account. There's an Advantage Care one near me. overflow-wrap: break-word; a, ************ Well, that's not strictly true. width:24rem; } { Basic style to make a list two columns .uft-discounts .views-field-field-discount-website, } color: #032e82; } .embedded-entity.align-right { Tom Murphy } New York State Comptroller Tom DiNapoli spoke before a raucous crowd at NYSUT's 51st Representative Assembly, delivering the message that the state retirement system, teacher retirement system, and New York City pension plans are the strongest and best run in the nation. And we don't need socialism in the United Federation of teachers. More than a dozen NYC charters would open after 4-year pause under state budget deal Gov. Mulgrew's caucus, Unity, is composed entirely of people who either work for the union or are bucking for a union job. margin: 1rem 0 2rem; Adams can afford to continue paying police double their allotted overtime. } color-adjust: exact !important; Chapter Leader Archives Page And the people who talk about the New York Health Act? } This means you pay interest to yourself versus someone else. .paragraph-sidebar .pager__items { It's quite another to gather groups of teachers in various Starbucks to grade papers. { The CTA button has a fixed size of 292px. . The first part of the test entailed having students fill out items 1-8. So yes, I can see why members might perceive this as pointless. columns: 2; justify-content: flex-start; .main-content a[href^="http:"]::after, { ************ .account-menu-pilot .menu-navigable__sub-wrapper.sub-open The latest release that included the menu performance updates, also messed up the display of this menu. .pager__link, .pager__link:link, .pager__link:visited { contract that will provide you about a third of the 8.7% cost of living increase. background-repeat: no-repeat; You are NOT paying premiums for your health insurance. That's detrimental to the union, and we will not stand for that. We need to have a voice. .main--with-sidebar, order: 99; I highly recommend Beaten Down, Worked Up by Steven Greenhouse. We're arguing that there are fewer doctors will accept this plan than will accept standard Medicare. .main, border: 1px solid #999; Keeps pages on one line. I presented a way for you to opt out of COPE right here, but it appears to be a two-stage process. Requires a further look, but for now. Needless to say, most New York City teachers do not remain in the QPP plan long enough to qualify for adequate retirement benefits. height: max-content; background-color: #d6dbee; @media (min-width:960px) { And we, as rank and file, had no voice in this. Do New York City Teachers Have Adequate Retirement Benefits? -webkit-print-color-adjust: exact !important; } They essentially concluded that anyone who did not support their officially sanctioned action did not support action at all. It strikes me, after over 30 years in The System, as a huge betrayal of loyal, dues-paying union members that these funds have still not been paid. This way everyone will be covered. left: 0; .cta a, .cta h2, .cta *, .cta a.cta__link { color: #373737; } page-break-before: auto; Pagination adjustment. Chapter Leader Archives Page .toolbar-vertical .main-content a::after, He suggests I'm getting special treatment. All of these changes are being done to achieve "savings." Federal and state assistance would pay for only about 10 percent of the states total effort to electrify its entire school bus fleet, according to a new Empire Center research paper. } I guarantee you you'll feel better than you would sitting around some union-busting Starbucks shop grading papers. Dont know where to start with the retirement planning process? That person is UFT President Michael Mulgrew. .uft-discounts { Participation in Social Security: Yes. To hear those low-energy, weak losers, you'd think I was out in a field somewhere, serenading the hoot owls. height:auto !important; } color: #777 */ And that big man had tears in his eyes as he told me this. columns: 1; All rights reserved. NYSUT RA. } It turns out that negotiations to achieve this change have been going onin secretfor three years. Harold Falk, physics professor at CUNY, $360,318; Edward M. Bostick, linguistics professor at CUNY, $343,986; Daniel M. Greenberger, quantum physicist at CUNY, $315,787; Vita C. Rabinowitz, psychology professor at CUNY, $276,627. I'm not sure why Mayor Swagger feels differently. Don't trust them, and don't trust Michael Mulgrew. Exceptions include some CUNY adjunct professors, para-professionals employed by the DOE, and participating charter schools where the pension plan is optional and you must opt-in. background-color: #fff; Albany, NY 12224, Phone: 518-434-3100 save the city 600 million dollars a year forever. } @media screen and (max-width: 769px){ You can learn more about the QPP Loan and TDA Loan. Just the other day, a big man, a real working man, came up to me the other day, and said, "Sir, your Medicare plan is the best thing I've ever seen. Views expressed herein are solely those of the author or authors, and do not reflect views of my employers, the United Federation of Teachers, or any UFT union caucus. It's ridiculous and unconscionable. overflow: visible; } Nor does the Municipal Labor Committee, controlled by UFT and DC37 bigshots. This book documents effective and creative union actions, as well as some that have gone down in flames. { padding: 20px; font-size: 1.6rem; @media screen and (max-width: 769px){ a.content-heading__term::after { display: none !important; } margin: 1rem auto; Mine is diabolical. flex-flow: wrap; display: flex; In fact, considering the blatant anti-unionism of Starbucks, we probably shouldn't patronize it at all. } .paragraph-sidebar p:last-child It will take some time, but we'll reach the goal of 10% of union membership signing. Pagination adjustment. page-break-before: auto; .views-element-container