Word has pretty much spread around the city that UFT members are getting paid back nothing this October for the interest free loan we made to the city back in the 2014 contract.
Some people are still asking why we are not getting any money this year and have to wait until the middle of October of 2017 to receive the next 12.5% of what we are owed up to that point for work we did from 2009-2011 and should have been paid for back then. Other municipal union workers received 4%+ 4% increases in salary between 2008 and 2010. Educators had to wait until 2014 to get a contract but for some reason we agreed to defer the payments for thosee first two years.
The reason was the city untruthfully cried poverty and the UFT bought it so teachers and other UFT members made an interest free loan to the city. The city is paying us back in interest free installments in 2015, 2017, 2018, 2019 and 2020. In addition, only half of the 8% raise other unions received eight years ago has even been added to our semi-monthly paychecks as of now.
Meanwhile, the city has been doing quite well financially as the UFT set an abysmal pattern in 2014 for the current round of bargaining of 10% salary increases over 7 years that other city workers are stuck with. This is because of pattern bargaining which means when one municipal union settles on a raise with the city, then other unions have to follow that pattern in negotiating their contracts.
Throw in those health care cost savings which are still not done and the bottom line is we were given a lousy deal but three out of four teachers voted for it.