After opposing a reso at the DA calling for using some of the massive surplus to improve
the awful dental benefits that narrowly was defeated last spring after they argued against it, but facing the massive defeats in chapter elections and facing potential defeat in upcoming UFT elections, the Mulgrew administration is responding with some changes, but I bet few will be happy. EONYC provides the history, demonstrating elections have consequences -- sometimes in our favor. So think about that when UFT elections come up next May.
the awful dental benefits that narrowly was defeated last spring after they argued against it, but facing the massive defeats in chapter elections and facing potential defeat in upcoming UFT elections, the Mulgrew administration is responding with some changes, but I bet few will be happy. EONYC provides the history, demonstrating elections have consequences -- sometimes in our favor. So think about that when UFT elections come up next May.
Tuesday, Sept. 17, 2024
From @educatorsofnyc
1. Revelations that the UFTWF is now sitting on over 800 million dollars. A bloated fund that seems to be growing exponentially since 2014 as city unions have agreed to take hundreds of millions from the city’s health stabilization fund for their own welfare funds. Not what the stabilization fund was designed for and causing other healthcare services to diminish, as a result. jd2718.org/2024/03/28/uft2. Pressure internally from concerned UFT rank and file delegates and activists publicly asking why top leaders are hoarding millions when many of our benefits, especially dental, are being diminished — affecting reimbursements and numbers of providers leaving the network.3. After an overwhelming rebuke by UFT retirees who voted out Mulgrew’s administrative Unity caucus out of power from their chapter’s leadership because of his support behind forcing them into predatory, inferior Medicare Advantage … the much-maligned Mulgrew is now reeling and seeking to pander as he faces a tsunami of discontent in an union election year that could mean his Unity caucus is finally toppled after 60 years of unilateral control.4. After Mulgrew and his henchman, Goeff Sorkin of the WF, told us that the existing money in the fund was needed to cover out of control prescription drug costs and as a reserve fund if there is litigation against the city over healthcare… today their “best welfare fund in the country” will get a reboot. Let’s wait and see what they bring with them today. cityandstateny.com/politics/2024/
Will the UFT Welfare Fund Trustees which Mulgrew is one release the actuarial studies in support of the current reserves? Will the UFT Welfare Trustees who are fiduciaries have an independent auditor review the books the Fund’s expenses and expenditures?
ReplyDeleteIf not, why not?