Retired Teachers Chapter News

Summer checks for new retirees

Jun 5, 2008 12:50 PM

Members who are retiring at the end of the school year will receive four summer checks.

It is important that those checks be cashed on the dates indicated and not before. If you participated in the direct deposit program, four summer pay stubs will be given to you in school. Your checks will be deposited in your account on the date payment is due.

Any necessary adjustment for these checks will be made when the final entitlement form is processed. UFT dues and pension deductions automatically will be returned in the fall after the DOE provides the UFT and the TRS with the necessary documentation indicating that the summer checks have been cashed.

If a member has a negative cumulative absence reserve (CAR) balance, the member’s payroll school will withhold one or two of the checks in accordance with the following formula: If the negative CAR is minus five to minus 10 days, the Aug. 31 check will be withheld; if the negative CAR is minus 11 to minus 20 days, the Aug. 15 and Aug. 31 checks will be withheld.

Also, the 2008-2009 school year for all staff begins on Thursday, Aug. 28. Thus, Aug. 28 is no longer part of vacation pay and three days will be owed back to the DOE, which will recoup the three days from the termination pay owed to members who have a balance in their CAR. A member who leaves the system with no CAR balance or a negative CAR balance will be receiving a bill from the DOE for the three days owed.