tag:blogger.com,1999:blog-15921757.post2080855472695145125..comments2024-03-07T15:25:26.971-05:00Comments on ICEUFT Blog: DELEGATE ASSEMBLY REPORT (unabridged live blogging)Jeff Kaufmanhttp://www.blogger.com/profile/11728874415155394751noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-15921757.post-90250802147789216432015-10-15T08:29:37.596-04:002015-10-15T08:29:37.596-04:00So what is that mention about union dues rate bein...So what is that mention about union dues rate being lowered for this check? Does that mean they are going to correct it before checks are printed? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-48092332573232118212015-10-14T21:43:13.800-04:002015-10-14T21:43:13.800-04:00Mulgrew doesn't understand math/finance. &quo...Mulgrew doesn't understand math/finance. "8% more each day?" We'd be billionaires. Maybe he means 8% divided by 360 (a fiscal year). And, he says "compound growth" like that's even a meaningful term when you don't even specify the frequency of compounding.<br /><br />Jesus, we should make Mulgrew print his claims in a Schumer Box in the union newspaper. He spouts nonsense and laces his speech with condescension so that rightfully confused members feel too stupid to ask him questions that he can't answer.<br /><br />Here's a question: why is our retro pay under the rate of inflation? I mean, I can understand missing that mark when negotiating a contract for the future when the inflation rate is unknown (even then, the bond yield on a t-bill would be a good estimate). But, this was a retroactive contract for which the inflation rate was already known. For heaven's sake, it's printed in the Beige Book published by the NY Fed, along with data about housing- a rather big ticket item for our members.<br /><br />Mulgrew went in there with his drawers down. Jesus, they must have laughed at him after he left the room.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15921757.post-48195150896535669672015-10-14T20:00:48.227-04:002015-10-14T20:00:48.227-04:00That should mean your increased TDA contributions,...That should mean your increased TDA contributions, that should have been put in all those years ago, will have to be done so now with the interest due added on. That's what should have been done with all the money owed us because of inflation. The money owed to us is a defacto loan. I still don't understand how this contract passed by 77%.Bronx ATRhttps://www.blogger.com/profile/08787717237141454628noreply@blogger.comtag:blogger.com,1999:blog-15921757.post-2772272493775357172015-10-14T19:45:57.086-04:002015-10-14T19:45:57.086-04:00 TDA: If you are contributing 10% into TDA, more m... TDA: If you are contributing 10% into TDA, more money will come out. Everyone wants to know about their own calculation. It is a compound growth formula. 8% more each day. Next check the money will be growing. Per session gets 8% on it also.<br /><br /><br />Please, someone put this in plain english. Anonymousnoreply@blogger.com