This is from the DC37 blog:
District Council 37, the city’s largest public employee union, has reached a tentative no layoff agreement with the City of New York that would save the jobs of thousands of municipal workers through fiscal year 2021.
The agreement would save the City of New York $164 million by deferring payments to the union’s welfare funds in exchange for no layoffs of DC 37 members in city-funded positions through June 2021.
The agreement further stipulates that should the City of New York be granted $5 billion in budget relief, the no layoff agreement would be extended through June 30, 2022.
The concessions for the no layoff agreement are explained:
· The deferral of payments totaling $164 million to the four welfare funds (the DC 37 Benefit Trust, the 372 Severance Related Fund, the SSEU Local 371 Health & Welfare Fund, and the DC 37 Education Fund) will have no impact on the union’s ability to continue to provide benefits to its membership.
· All parties have agreed to an audit and reconciliation of monies owed during the period of the agreement to be completed no later than May 31, 2021.
·The City will make contributions in two lump sum payments in September and November of 2021 to the union’s four welfare funds.
I am no math teacher but something does not seem to compute here. DC 37 is deferring $164 million with no loss of benefits to members in exchange for no layoffs. For a no layoff agreement, the UFT agreed to have us postpone payback of $450 million of money we loaned interest free to the city for work we did back in 2009-2011 from now until the end of July. The UFT is not three times bigger than DC37. Why are we giving up roughly three times as much money?
Either the city does not owe us nearly as much as they said they did in arbitration or the UFT permitted us to be completely fleeced by the city in the latest agreement President Mulgrew made with the mayor. Something does not add up.
Also, how is it that individual DC37 members lose nothing while most UFTers are giving up thousands of dollars each for almost another year? To add more insult, as usual the UFT is double dipping by taking extra dues out of the half retro pay.
Can someone explain to me what I am missing so I can update this post?