tag:blogger.com,1999:blog-2143698788073485118.post6345836849841239293..comments2024-02-23T18:28:14.530-05:00Comments on The Doenuts Blog: Haven't We Been Through Enough?Unknownnoreply@blogger.comBlogger13125tag:blogger.com,1999:blog-2143698788073485118.post-81781865757508454652020-07-07T15:47:42.931-04:002020-07-07T15:47:42.931-04:00I hope if an early incentive is offered it will ta...I hope if an early incentive is offered it will take into consideration those of us who have been paying into 25/55 since 2008. Since so many of us chose that option, and it didn’t come free, it seems that the UFT needs to calculate us into the equation. I am 54 and entering my 20th year. I wonder how it would work for someone like me. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-91532440900915959322020-06-29T12:47:15.244-04:002020-06-29T12:47:15.244-04:00We used to have a professional press that would pl...We used to have a professional press that would play lawyer for us. Alas, now we only have blogs. <br /><br />There are 2 instances of 50/10 mentioned. One specifically sites members of NYSTRS (that's not us here in the city) and another instance just mentions 50/10. It was clearly 'inserted language' in the middle of bill. Probably done in order to gain someone's support. NYCDOEnutshttps://www.blogger.com/profile/10692665524124012171noreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-37031130888155334582020-06-29T12:44:39.930-04:002020-06-29T12:44:39.930-04:00@Anon 11:43 ... to be very specific ... employees ...@Anon 11:43 ... to be very specific ... employees can retire and collect when the law says they can retire and collect. And while, presently, you're correct that that is 55, the law presently before the Assembly and Senate does have language that points to 50 with 10. Anon 6:56 is correct in that observation. <br /><br />And, if you have been reading this blog, you will know that this 50/10 NYCDOEnutshttps://www.blogger.com/profile/10692665524124012171noreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-89405039874208013312020-06-29T10:33:45.086-04:002020-06-29T10:33:45.086-04:00so at 49 years old in sept, over 26 years in the s...so at 49 years old in sept, over 26 years in the system- paid for 55/25-- out of luck -huh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-40778941444989132892020-06-28T11:43:41.410-04:002020-06-28T11:43:41.410-04:00Anon 6:56
You (more specifically, your wife) cann...Anon 6:56<br /><br />You (more specifically, your wife) cannot collect before age 55...always keep that in mind. (Big difference between retiring and retiring/collecting.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-36236915604879991342020-06-28T10:25:09.674-04:002020-06-28T10:25:09.674-04:00so i have 27 years in- bought in 55/25. but only t...so i have 27 years in- bought in 55/25. but only turn 49 in sept- so i am S**t out ofluck ??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-75811783512717297992020-06-28T00:30:15.923-04:002020-06-28T00:30:15.923-04:006:56 here again lol. Well, I'm glad I can be o...6:56 here again lol. Well, I'm glad I can be of some help. Yeah, I was playing amateur lawyer scanning over the legalese of this bill. I truly hope there is a little something for everybody. This job, whatever it anybody does in the NYCDOE in terms of pedagogy, is not the same job I entered after changing careers in the late 90's, and especially not for my wife, who began in 1990. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-62060442945675943382020-06-27T23:57:00.032-04:002020-06-27T23:57:00.032-04:00First, congratulations to your wife! And, hopefull...First, congratulations to your wife! And, hopefully, congratulations to you as well, if it is, indeed, at the 50/10 level. It does look like it comes with up to three years credit, so I hope it works for you!<br /><br />Well thanks very much for finding it and for pointing it out!! For the record, it was buried beneath 3,723 words of otherwise clear legislation citing 55 as the age. I think it&#NYCDOEnutshttps://www.blogger.com/profile/10692665524124012171noreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-28803784519589019442020-06-27T21:23:45.017-04:002020-06-27T21:23:45.017-04:00I am 6:56. My wife and I are both educators in NYC...I am 6:56. My wife and I are both educators in NYC. We have opposite concerns. I am 57 with 22 years of service. I am already enrolled in the 55/25 program from 2008. My wife is 52 and has 29 years of service. Long story short, before all the buyout talk, each of us needed three more years to satisfy our respective retirement requirements. My original point is that I at least hope my wife can Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-61242902823975863452020-06-27T21:02:01.378-04:002020-06-27T21:02:01.378-04:00I agree. Actually, ANON 6:56 just made a point tha...I agree. Actually, ANON 6:56 just made a point that is, as it turns out, accurate! It looks like there is wording in here that does allow for 50 with 10 years in. I guess, stay tuned?NYCDOEnutshttps://www.blogger.com/profile/10692665524124012171noreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-86544361102520010472020-06-27T21:00:20.703-04:002020-06-27T21:00:20.703-04:00Woah!!! First .. Who are you!! You can't be a ...Woah!!! First .. Who are you!! You can't be a regular Joe reading the blogs and catch that **totally buried** clause!!<br />Email me!!?!? nycdoenuts@gmail.com NO ONE is discussing or disseminating this information and the press, both mainstream and local, has been an absolute disaster!! Meantime, I have dozens of colleagues who are scared to death and are just planning to resign. PLEASE HELP NYCDOEnutshttps://www.blogger.com/profile/10692665524124012171noreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-85737650493197951492020-06-27T18:56:41.415-04:002020-06-27T18:56:41.415-04:00Isn't there language in this bill that include...Isn't there language in this bill that includes an early retirement incentive for those 50 years or older with at least ten years of service?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2143698788073485118.post-27708263289020685602020-06-27T18:02:07.585-04:002020-06-27T18:02:07.585-04:00Thank you for covering this and for your analysis....Thank you for covering this and for your analysis. Agreed, it's not a good deal for teachers; most who qualify probably already opted-in and paid in to the 25/55 option. Imagine a teacher who has achieved 25/55 and takes a deal like this. What happens to all the extra money the teacher paid through the 1.85% deal? Refund? The legislature needs to sweeten the deal and broaden it to cover Anonymousnoreply@blogger.com