Statement by UFT President Michael Mulgrew: We have been informed that thousands of retirees who rely on electronic pension payments have had funds involuntarily withdrawn from their accounts. The city comptroller's office and the Bank of New York Mellon, who oversee the payment process, must move immediately to restore the funds and make anyone who was harmed whole. We are calling on the city and state to begin an immediate investigation into how this could have happened.
Gotta run. See if anything's left.
Written and edited by Norm Scott: EDUCATE! ORGANIZE!! MOBILIZE!!! Three pillars of The Resistance – providing information on current ed issues, organizing activities around fighting for public education in NYC and beyond and exposing the motives behind the education deformers. We link up with bands of resisters. Nothing will change unless WE ALL GET INVOLVED IN THE STRUGGLE!
Ed Notes Extended
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Friday, November 6, 2009
thousands of retirees who rely on electronic pension payments have had funds involuntarily withdrawn from their accounts
2 comments:
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ReplyDeleteNOT JUST RETIREES HAVE BEEN STUNG
BY THE DOEMBLE-BEE
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During my years in many of the DOE's Rubber Room Guantanimos, I have met many teachers who had "Electronic Pay-Day Deposit".
Suddenly, from time to time, to their total shock and utter disbelief, some of these teachers discovered that the long arms of the NYC DOE had reached out and grabbed a big chunk of greenbacks from their bank account, taking back money previously paid to them.
Apparently, if the DOE has your bank account number and can put money in- they also have the ways and means to take it back.
So much for the convenience of not having to make a trip to the bank.
Now these teachers must make a trip to the nearest lawyer and pay to get their pay.
As history has proven over and over -the less "Big Brother" knows about you, the better.
And Teachers should never allow their assets to remain where the DOE deposits them if they already do use "electronic deposit".
You could wake up one morning and find some of those funds are not there.
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Great information!Thanks for sharing.
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