Retiree lump-sum payments

An independent arbitrator on Oct. 9 overturned City Hall’s attempt to avoid paying deferred wages to thousands of city educators. The arbitrator ruled that eligible members would receive the first half of the final lump-sum payment this fall and the second half in July 2021.

Members who retired after June 30, 2014, are eligible for the lump sum.

Retirees who get direct deposit should see the lump sum on or after Nov. 16. Retirees who still get paper checks should expect the lump sum up to 15 business days after Nov. 16.

If you have not received your lump-sum payment by Nov. 30, please call the union at 212-331-6314.

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Retired Teachers Chapter News
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Source URL: https://www.uft.org/news/retired-teachers-chapter-news/retiree-lump-sum-payments