They (the City + MLC) lied to us and misused the Healthcare Stabilization Fund. This has ultimately affected our healthcare benefits and us paying more and more out of pocket.
Contact the NYS AG’s office, the DOL and Congress representatives. |
| Name the fish and win a free sub to Ed Notes |
Demand further investigation, increased transparency, and increased oversight and regulation. These are our dues and tax dollars. Now they want a self-funded NYCEPPO plan? Why would anyone trust them to manage this properly?
This
vindicates our reporting abt the bulk transfers of cash to @DC37nyc
& @UFT’s welfare funds. Both now sit on a billion $ in assets —
while members not seeing much more in benefits.
Also from the audit: The new self funded NYCEPPO plan is still not enough to pay for how much they are in the RED!
Why would anyone trust these 2 parties as constituted to manage this new self-funded plan properly?
Meanwhile @UFT and @DC37nyc sit on a billion dollars in their welfare funds from HSF?!
Daniel Alicea, EONYC and ABC
What next? $1000 dollar co-pays?
| Now as then, they demand we TRUST them |
They took a fund designed to keep member health costs down, made
ridiculous deals with the city to fund raises with it, and watched it
dwindle down to nothing. This has now been confirmed in an audit by city
Comptroller Brad Lander. In 2014, MLC geniuses decided to fund raises
by giving the city a billion dollars from the Stabilization Fund.
Tuesday, Dec. 30, 2025
This broke today and luckily we are having an in-person group getting together for lunch this afternoon and can reaffirm the history even as Mulgrew will claim a "false and biased probe
from the comptroller." I remember him mocking us for claiming he wiped out the stabilization fund --"You think cops would let me take out millions?" Apparently they did.
This is what RTC/RA should be raising hell about but most of them do not see Unity as an enemy. And when I get up and scream at the Unity gang that have stabbed us in the back while defending Mulgrew at every turn -- like the Trumpies do for their leader no matter what he does --- I get yelled at by both Unity and some of the leadership of RTC for being "uncivil." I intend to be uncivil to people who tried to kill me.
And let's give some credit to the gang at ABC who have been digging at the healthcare issue from the very beginning while some retiree leaders bought the Mulgrew line hook, line and sinker.
Arthur:
remember
all that talk about how this scheme was better than Medicare, which
city employees had for years? Remember Mulgrew, lying that all the
doctors who took Medicare would accept it? It’s now official—this whole
dance was about covering their dumb asses for the stupid deals they made behind our backs. Meanwhile,
as the Stabilization Fund is broke, our Welfare Fund sits on a billion
dollars. Mulgrew and his MLC cronies oppose 1096, claiming they need to
negotiate our health care for us. After all, who else but they have had
the vision to run it into the ground?
And more from Daniel at Educators of NYC also posted
The Healthcare Fund They Quietly Decided to Kill
Leaked
audio featuring MLC lawyer, Alan Klinger, leaves many asking: Did
‘Three Men in A Room’ collude to kill the NYC Healthcare Stabilization
Fund?
For years, city workers and retirees have been told a familiar story:
Healthcare
concessions were necessary, painful but unavoidable, and required to
generate “cost savings” for the City. We were told these sacrifices were
about sustainability. About protecting benefits. About avoiding worse
outcomes.
We needed to save and replenish the depleted
NYC Healthcare Stabilization Fund – or it would collapse, and we would
have no choice but to pay healthcare premiums.
But buried in plain sight is an admission that turns that entire narrative on its head.
In a recent closed-door Municipal Labor Committee meeting, MLC and UFT attorney Alan Klinger
acknowledged that a central goal of the City–Union Tripartite Health
Committee was not to save the Healthcare Stabilization Fund (HSF)—but to
eliminate it altogether.
Not through open debate. Not
through a vote of the MLC body. But through a quiet, structural decision
made by a tiny group of three individuals operating far from
rank-and-file eyes and ears.
And THE CITY SCOOP.
An explosive audit from City Comptroller Brad Lander released today
urges dissolving a fund that helps finance city employees health
benefits, concluding that it is billions of dollars in the red after
being tapped for years by municipal unions and mayors in labor
bargaining.
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Declaring the Health Insurance Stabilization Fund "insolvent,"
Lander’s auditors determined that the Health Insurance Stabilization
Fund owes the city $3.1 billion, not counting obligations to vendors
that have yet to be tallied for fiscal years 2024 and 2025.
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The probe paints a picture of the city and municipal unions using the
fund as a virtual piggy bank, authorizing $4.3 billion in payments from
2001 to 2024. Meanwhile a 2014 labor deal reduced the city’s
obligations to pay into the health fund — ultimately shrinking the
fund’s balance by $3.3 billion.
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And it reveals that the city unions scrambled to set up Medicare
Advantage as a cost-savings health plan for retirees as part of a
gameplan to replenish the rapidly depleting
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The audit’s existence spilled into public view when THE CITY obtained
audio of an internal union meeting — and prompted the municipal unions
in an internal memo to decry what they called a "false and biased" probe
from the comptroller.
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