tag:blogger.com,1999:blog-15921757.post7352403787206367565..comments2024-03-07T15:25:26.971-05:00Comments on ICEUFT Blog: JAMAICA HIGH SCHOOL DISPLACED STAFF COME TOGETHER FOR BRONX ZOO CHARITY WALKJeff Kaufmanhttp://www.blogger.com/profile/11728874415155394751noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-15921757.post-10681524606186556812015-10-07T20:33:28.786-04:002015-10-07T20:33:28.786-04:00From what I understand, the entire amount will be ...From what I understand, the entire amount will be calculated from year 2009/2010 to 2015, and that will be 100%. If you continue working, that won't raise the amount in any way. When you receive your payment, supposedly this month, it will be the first time members have a clue of what the entire amount is i.e. 12.5% of the total, I'm really curious if individuals will have the wherewhithal, absent of union or doe help, to understand if they have received there actual payment. <br /><br /><br />Some of the commentators math seems irrational maybe HE's in Union caucus. Perhaps they should have protested so passionately against the actual signing of the contract, instead of trying to do bad math afterwards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-89273864400011932422015-10-07T04:12:02.626-04:002015-10-07T04:12:02.626-04:00I can't figure it out so I just don't know...I can't figure it out so I just don't know. We'll ask a math specialist when we see the 12.5%.James Eternohttps://www.blogger.com/profile/13578647381229034792noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-43217768353977157082015-10-06T22:33:54.454-04:002015-10-06T22:33:54.454-04:00James,
You are missing the point. WE ARE NOT BEIN...James,<br />You are missing the point. WE ARE NOT BEING MADE WHOLE. We will not get all the money owed. There is a flaw in how this was set up.JRnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-8508526160714610572015-10-06T21:05:12.998-04:002015-10-06T21:05:12.998-04:00I know. Im saying we are never seeing all of the ...I know. Im saying we are never seeing all of the money we are owed.Jeffnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-56691664110453914232015-10-06T21:04:10.750-04:002015-10-06T21:04:10.750-04:00There is no interest.There is no interest.James Eternohttps://www.blogger.com/profile/13578647381229034792noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-75330085497363230752015-10-06T19:57:58.735-04:002015-10-06T19:57:58.735-04:00This isnt interest, its a mistake. This needs to ...This isnt interest, its a mistake. This needs to be examined and changed. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-13083751258891654992015-10-06T19:45:54.202-04:002015-10-06T19:45:54.202-04:00I agree with Jeff. The math isnt working, they ar...I agree with Jeff. The math isnt working, they are shorting us.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-45946459235401425212015-10-06T19:41:20.652-04:002015-10-06T19:41:20.652-04:00I dont think we are getting 100% of the money. It...I dont think we are getting 100% of the money. It seems like they blindly figured out how to get to 100%, but didnt realize that for the fist time in history retro payments are going up even as they are being paid. I think it should be 12.5 3 times, then 33 3 times. The way this is negotiated, I think we miss a portion because the percents are wrong.JRnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-68079189763157110372015-10-06T19:38:18.860-04:002015-10-06T19:38:18.860-04:00i believe that is called compounding. Imagine if ...i believe that is called compounding. Imagine if there was interest.James Eternohttps://www.blogger.com/profile/13578647381229034792noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-52539212359348734962015-10-06T16:50:48.317-04:002015-10-06T16:50:48.317-04:00I think we have an issue with the retro pay that n...I think we have an issue with the retro pay that nobody mentioned. Because the target will be moving, and as they are paying us, the retro owed is going up, not down, the 12.5+12.5+25+25+25 doesn't work out. Lets say someone is owed $24K as of this first payment, they get 1/8 which is $3K, leaving a balance of $21K. Over the next 2 years, lets say they are owed another $10K, thats 31K. 2017 payment of 1/8 is approx $3,875, leaving a balance of approx $27K. Now they accrue another year of retro from 2017-2018, lets say its 6k, total balance is $33k. Now we have the 3 payments in 2018-2019-2020, of 25% each. 3 payments of approx $8,250, that equals $24,750, meaning that person missed out on about $8k of pay. Because the amount is going up, those last 3 payments must be 33% each, not 25% each. They stupidly, as far as i know, simply added the percents up to get 100%, but it is incorrect in this situation. Jeffnoreply@blogger.com