Sunday, June 06, 2010
Will Bloomberg Agree To An Early Retirement Incentive? I think Not.
My peers are all talking about the State passing the early retirement incentive and that many of them contacted the union leadership who have given them the false impression that the City will follow suit and allow the teachers to get the retirement credits they want. However, the bad news is that Mayor Bloomberg has stated time and again that he does not want to give a retirement incentive since these teachers are going to retire anyway. Therefore, the Mayor decided to impose a wage freeze and an additional 4% cut in the school budget instead. However, exempt from the budget cuts was the DOE adding $840,000 in bonuses and raises to the Central Bureaucracy. Unbelievable, and how hypocritical.
While it may make more sense to agree to the State's early retirement incentive, the Mayor and Chancellor do not want to reward senior teachers with up to three years pension credit when they are doing everything possible to get rid of them for "cause". With their failed attempt to get the "Keep Act" through the State Legislature, which would give the principals the right to determine who to layoff. The use of a wage freeze was preferable to them than the more reasonable early retirement incentive. "Why reward the senior teacher when we can screw all the teachers?"
It will be interesting to see what transpires but for now it appears that the City is not going to agree with an early retirement incentive. Despite what our union leadership is telling the teachers.