A tumultuous school year comes to a close
The school year is coming to an end, and what a year it was. There were countless attacks on public employee pensions led by anti-labor forces, funded by many of the same people who tried to do away with seniority for teachers and foist on the public for-profit charter management companies that lack accountability and transparency. Read More...
As year nears close, some notes and quotes
Just before press time, there was an early retirement incentive enacted. As UFT President Mulgrew predicted at the Delegate Assembly in May, the state Legislature enacted legislation that will allow state employees to receive an incentive to induce them to retire. Read More...
Retirement incentive has been helpful in past budget crises
In past budgetary crises, similar to the one we are currently experiencing, the city and the union together looked to minimize disruptions in the school system. One of the strategies used was to offer senior teachers a retirement incentive. These past incentives worked. Read More...
Be careful when choosing TRS pension option or insurance alternative
One of the most important decisions a member must make at retirement is whether to take the Maximum Retirement Allowance, which provides no benefits for heirs or beneficiaries, or select from a smorgasbord of options that we introduced to you in the March 4 “Secure your future” column. This decision is final and irrevocable. Read More...
