tag:blogger.com,1999:blog-15921757.post2971252020711972315..comments2024-03-07T15:25:26.971-05:00Comments on ICEUFT Blog: DEFINED BENEFITS PENSIONS NEARLY EXTINCT IN THE PRIVATE SECTORJeff Kaufmanhttp://www.blogger.com/profile/11728874415155394751noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-15921757.post-52679816196835868942019-10-13T20:28:06.428-04:002019-10-13T20:28:06.428-04:00Some day our union will fight for a full annual CO...Some day our union will fight for a full annual COLA on our NYSTRS retirement pensions. (Full annual COLA is a part of the NYPD/NYFD, federal, and social security pensions.) It is the best hedge against inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-68264546603107633722019-10-13T18:53:19.317-04:002019-10-13T18:53:19.317-04:00I retired at 58. I really think another five years...I retired at 58. I really think another five years might’ve killed me or at least made my life not worth livingPrehistoric pedagoguehttps://www.blogger.com/profile/05309260131781133687noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-35223656540328263612019-10-13T18:33:39.682-04:002019-10-13T18:33:39.682-04:00I cant believe, all these years later, teachers st...I cant believe, all these years later, teachers still have no idea about retro, tda, pension, sick bank. These are teachers? Educated people? Can you read? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-25450111276264255132019-10-13T18:28:28.918-04:002019-10-13T18:28:28.918-04:00People go there all the time. Shows the teachers ...People go there all the time. Shows the teachers who have no knowledge of their own profession and lack of uft help.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-47328760823336567172019-10-13T15:34:46.860-04:002019-10-13T15:34:46.860-04:00Haha, yeah, when I went to those experts at Brookl...Haha, yeah, when I went to those experts at Brooklyn uft they gave me INCORRECT information. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-13037105740066179832019-10-13T14:30:10.496-04:002019-10-13T14:30:10.496-04:00Teacher Facebook page, people asking for others to...Teacher Facebook page, people asking for others to explain rules of tda and pension. Is that the worth of uft? Their specialists cant be asked these questions?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-40185758646037312752019-10-13T07:48:19.493-04:002019-10-13T07:48:19.493-04:0010:52 am is correct. The difference between pensi...10:52 am is correct. The difference between pension pay between Tier 4 and Tier 6 is minuscule when teachers from both tiers complete 30 years of service. For rounding sake, if both teachers completed 30 years, a tier 4 will collect 60% while the tier 6 collects 55%. Not a big deal.<br />However, the HUGE PROBLEM AND BIG DEAL is that the Tier 6 teacher CANNOT leave the system until his 63rd birthday in order to collect (without a penalty). But the Tier 4 can leave at age 55. 8 years is a HELL OF A DIFFERENCE. Think about it, 8 ADDITIONAL YEARS of torture. THAT is a reason to feel sorry for the tier 6 folk. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-9076641092260303422019-10-12T17:55:44.176-04:002019-10-12T17:55:44.176-04:00Ignore the real con con victory and the fact that ...Ignore the real con con victory and the fact that we still have defined benefits pensions to say the same old shit. Woes be you. Do something to make it better. Send an email to ICE, organize people at your chapter, start your own blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-19780759529683264362019-10-12T17:36:33.559-04:002019-10-12T17:36:33.559-04:00Counter as in the uft never helped me, I waited 20...Counter as in the uft never helped me, I waited 20 years for a hardship transfer, paid tolls, gas, sat in traffic, they hung me out to dry. I dropped out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-72797878748263425462019-10-12T17:35:15.407-04:002019-10-12T17:35:15.407-04:00The counter is we let the uft get away with murder...The counter is we let the uft get away with murder because it could be worse. That is a pretty pathetic stance. We get paltry raises, get abused, get retro yeld for 11 years...And a million other problems, and we take it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-79923508851781345722019-10-12T17:03:49.797-04:002019-10-12T17:03:49.797-04:00But still cannot make a coherent counterargument t...But still cannot make a coherent counterargument to the yahoo piece.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-28109896597964923852019-10-12T16:45:38.136-04:002019-10-12T16:45:38.136-04:00Nah. Had 28 years of my dues, never helped. No t...Nah. Had 28 years of my dues, never helped. No thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-45004809365745071372019-10-12T12:27:45.755-04:002019-10-12T12:27:45.755-04:00Naw dont think 20 @10:52 and you think Tier VI wil...Naw dont think 20 @10:52 and you think Tier VI will last 20-30 years hahahaha.<br /><br />"Tier V Teacher"...................................."Tier VI Teacher".<br /><br />34 year service............................................. 34 year service<br /><br />Age Retires 57.............................................. Age Retires 57<br /><br />Final 3-year FAS $100,000.................. Final 5 year FAS $100,000<br /><br />Pension = $66,000..................................... Pension = $38,430<br /><br />The difference is an astounding $27,570 annually. This is the difference between living well or struggling to make ends meet in retirement. Even if you look at the 25 year teacher who reaches full retirement age, the difference is significant.<br /><br /><br />"Tier V Teacher"...................................."Tier VI Teacher".<br /><br />25 year service............................................. 25 year service<br /><br />Retires at age 62..........................................Retires at age 63<br /><br />Final 3-year FAS $100,000.................. Final 5 year FAS $95,000<br /><br />Pension = $50,000.................................... Pension = $41,563Anon2323https://www.blogger.com/profile/12920550598769579282noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-88239417614400263842019-10-12T12:21:52.681-04:002019-10-12T12:21:52.681-04:00The union didn’t create the worst Tiers, it was Cu...The union didn’t create the worst Tiers, it was Cuomo who pushed for it. <br /><br />And, if a person worked 30 years and didn’t know what they would be getting as a pension, then they are a moron. <br /><br />People with a clue should be spending, at least the last 10 years of their career, making sure they are going to make enough in retirement. Yes, they won’t be receiving a pension as big (percent wise) as earlier tiers, but they should have figured that out when they walked in the door. They, if they are NYC teachers, should be putting all their money into their TDA (because their starting pay is much better than what it was when I started so long ago) and they could also be putting money into the NYC 457 so they can collected more when they retire (or they can allow the TDA to sit and double in 10.7 years only collect from the 457). <br /><br />These people are still going to be better off than most people, and please point your finger at Cuomo, you can’t really blame the UFT for this one.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-74253382687525569442019-10-12T10:52:56.444-04:002019-10-12T10:52:56.444-04:00Anon2323 is completely wrong with the numbers....s...Anon2323 is completely wrong with the numbers....stop scaring people. Tier 6 does cost more, and it's 55% for thirty years of service, however those who retire at 63 years from now will be doing it at a much hgher FAS then those who are in Tier 4 mid to late carreer. As James said we need to collectivly push for changes, just like we got in Tier 4 over the years. Please remember Tier 6 applies to the DMV worker in Buffalo as well as to the secretary working in Albany for the the office of taxation. It's not just teachers involved in this battle!<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-39237548380179908502019-10-12T09:06:59.014-04:002019-10-12T09:06:59.014-04:00Agree with above, "Better than nothing" ...Agree with above, "Better than nothing" doesnt work for me anymore, I have been suckered and mistreated for too long. Of course it could be worse, but that doesnt mean I should accept it and keep paying them to help screw me. When I was 22 maybe, not at 40 years old after begging for a drop of help for 18 years, and getting absolutely ignored. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-4863431412566276552019-10-12T08:24:42.466-04:002019-10-12T08:24:42.466-04:00Sewer rats are treated better than Tier VI. If I w...Sewer rats are treated better than Tier VI. If I worked for 30 years and collected at 62 years old to find out my pension is 28,000-32,000 I would be livid and this is the best case for these new teachers. They are basically helping sustain the pension program for Tier IV.<br /><br />All new teachers are royally screwed unless they can work 10-15 years.Anon2323https://www.blogger.com/profile/12920550598769579282noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-58033737333645336932019-10-11T23:56:03.627-04:002019-10-11T23:56:03.627-04:00Oh, this is the "I know the uft sucks and the...Oh, this is the "I know the uft sucks and they treat us like shit but it could be worse" defense...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-49157136880489742522019-10-11T23:15:29.495-04:002019-10-11T23:15:29.495-04:00But you use this an excuse to explain why the uft ...But you use this an excuse to explain why the uft is so bad, the contracts are so bad, working conditions are so bad but we still must continue to pay them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-87427229367319281942019-10-11T21:42:27.982-04:002019-10-11T21:42:27.982-04:00A large dose of reality here. I doubt we will see ...A large dose of reality here. I doubt we will see 50 comments telling us how they dropped out because of this. The anonymous idiots will lay low on this one.Anonymousnoreply@blogger.com