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Without a doubt we're getting zeros. My guess is we're going to get something like we got during the Giuliani administration in the early 90's 0-0-3-3-6.
I've already conceded the fact of getting a pair of zeros however as a 20 year veteran taking the promotion, by the time you get to top pay, your base salary goes up to around $150. Keep in mind, your pension yields 8% interest and with around $200K invested into it, that's $16K in interest year one, and it continues to grow because its compounded. Your VSA also gets banked as well. It's not unreasonable to assume that leaving some of your overage to take home over $100K a year retired.
In theory, without taking all of the final pension loan, your pension should increase around $7-8K a year for every year you stay past 20.
The negative fallout, the move will not become profitable until you stay retired around 18 years being you gave the city an extra 5 years not to mention the BS you might contend with.
Just a thought.
-- Edited by SimpleQuestion on Monday 29th of July 2013 04:55:41 PM
-- Edited by SimpleQuestion on Monday 29th of July 2013 04:57:21 PM
I understand the economy is a touchy feely subject unfortunately to my understanding, union delegation has been pretty quiet on the subject. I personally haven't heard much going on regarding negotiations. Has anybody heard anything? Again, be prepared to eat the zeros. Personally, I cant see the city paying up front and contracts are expired 2 to 3 years now. The retro would cost the city too much. Sadly, who really knows what the financial effects of obamacare will have on the city as well.
Keep in mind, when we scored all those 5's the economy was more upbeat. The private sector is now lagging behind certain civil service positions. Granted some of us do put our lives on the line on a daily basis (trust me not all) however that argument only goes so far. When you retire, your take home stays the same and even goes up in some cases. There will be no public sympathy.
according to pba delegates in my pct....the city is just sitting down with the pba. They say the pba will be going to perb. I dont know if were going to get anything out of that. You gotta wonder how poor the city is/or is it just a bunch of bull
-- Edited by sgt2be on Monday 29th of July 2013 09:21:14 PM
Without a doubt we're getting zeros. My guess is we're going to get something like we got during the Giuliani administration in the early 90's 0-0-3-3-6.
I've already conceded the fact of getting a pair of zeros however as a 20 year veteran taking the promotion, by the time you get to top pay, your base salary goes up to around $150. Keep in mind, your pension yields 8% interest and with around $200K invested into it, that's $16K in interest year one, and it continues to grow because its compounded. Your VSA also gets banked as well. It's not unreasonable to assume that leaving some of your overage to take home over $100K a year retired.
In theory, without taking all of the final pension loan, your pension should increase around $7-8K a year for every year you stay past 20.
The negative fallout, the move will not become profitable until you stay retired around 18 years being you gave the city an extra 5 years not to mention the BS you might contend with.
Just a thought.
-- Edited by SimpleQuestion on Monday 29th of July 2013 04:55:41 PM
-- Edited by SimpleQuestion on Monday 29th of July 2013 04:57:21 PM
why do the zeros hurt so much?? seeing 3 3 and 6 in the end looks okay. But i keep hearing that the upfront zeros hurt and are what caused us to fall behind nassau suffolk port authority etc. Besides, looking at detroit and other areas, should we be complaining about that possible scenario??
of course 0s kill us, why is that hard to see ? the 0's during the 90's is what we are paying for now, why we are so much lower than nassau , suffolk and other places. 3,3,6 is not bad correct, but those first 2 0's are an abomination. not to mention all the retro we will lose. but even forgetting the retro, those 0's make a big difference in years to come.
I understand the economy is a touchy feely subject unfortunately to my understanding, union delegation has been pretty quiet on the subject. I personally haven't heard much going on regarding negotiations. Has anybody heard anything? Again, be prepared to eat the zeros. Personally, I cant see the city paying up front and contracts are expired 2 to 3 years now. The retro would cost the city too much. Sadly, who really knows what the financial effects of obamacare will have on the city as well.
Keep in mind, when we scored all those 5's the economy was more upbeat. The private sector is now lagging behind certain civil service positions. Granted some of us do put our lives on the line on a daily basis (trust me not all) however that argument only goes so far. When you retire, your take home stays the same and even goes up in some cases. There will be no public sympathy.
I hope all contracts reach in the vicinity of our bordering police agencies. I had to turn down Suffolk county police 3 months ago because I knew I would be sgt next month and the new contract for them sucks! The old timers will have a salary of 150K just walking in the door in 2020 (that's without longevity or uniform or holiday) and the new guys have to pay 15% to healthcare and I think 8% to their pension, with a salary of 111K after 12 years. I also turned down troopers this month, cuz our sgts make more money than their sgts. If we do get ANY raise, it's always good. One step closer to San Francisco police at 118K for lateral transfers plus a 5K bonus sign on, oh, and that's before a 6% increase they are going to get this year. Wouldn't it be worth it to take no retro but get increases every year throughout the contract?
Windeast the grass always seems greener on the other side until you get there and the pastures are turning brown. If you are getting promoted to Sergeant next month, start preparing for lieutenant exam somewhere in 2014. My guess is you have under 10 years if you were considering leaving the NYPD for another position in another department. Without saying much, pass the LT test with a good score and in 6 years youre making at least 150K a year. In answering you question regarding retro, its always better to get some form of retro. Think about it, you get money for years passed and that money and future increases are compounded on previous year raises. If the PBA is going to move towards perb, this will take at least another year for them to settle and who knows what the arbitrators will agree upon. The givebacks would be my concern. Be prepared to lose certain perks to cover the raise, its happened before and it will happen again.
And from me to you, take your promotion with pride and become a leader not a disgruntled tool. The job has enough of them.
Let me tell u sum thing......I would think very hard and very long about taking a job outside of NY! Why?? NY is one of 5 states where the pensions are fully funded. California??? Ur in a whole boat load of trouble there. Yes NYC has its own pension fund....both which are supposed to be fully funded.
Heard 7 year contract with retro and no zeroes. However, every time I inquire about the yearly percent breakdown no one is willing to tell me until it's official. Just wanted to know if anyone else heard anything.
were in...id be very very very cautious with believing any rumors. Look at the facts, you have a mayor who hates us in every way and is in bed with the teachers union. SO why would pd get a better contract then the teachers??? plus it would infuriate the teachers union who provide votes to deblasio. 2nd, pba is in perb. IF and its a big if, they get a better contract offer then 0 and .5 that then union was offered, the deblasio can claim perb gave it to them and his hands are tied. I could be completely wrong, but if what you are saying is true, i dont even want to begin discussing the give backs to come.
-- Edited by sgt2be on Sunday 7th of December 2014 12:53:13 AM
LBA was in this week speaking to the new Lts and stated that the LBA, CEA, FDNY uniformed supervisors and Sanitation uniformed supervisors are part of a joint coalition, and are trying to negotiate as one, to get a contract passed before the PBA gets anything back from PERB. LBA made it sound like an offer that would be be brought to the membership was imminent.
LBA was in this week speaking to the new Lts and stated that the LBA, CEA, FDNY uniformed supervisors and Sanitation uniformed supervisors are part of a joint coalition, and are trying to negotiate as one, to get a contract passed before the PBA gets anything back from PERB. LBA made it sound like an offer that would be be brought to the membership was imminent.
I heard there was a possibility that the offer will be presented next week to the membership.
LBA was in this week speaking to the new Lts and stated that the LBA, CEA, FDNY uniformed supervisors and Sanitation uniformed supervisors are part of a joint coalition, and are trying to negotiate as one, to get a contract passed before the PBA gets anything back from PERB. LBA made it sound like an offer that would be be brought to the membership was imminent.
I heard there was a possibility that the offer will be presented next week to the membership.
TBH, I'm not a fan of jumping in with the other non-law enforcement supervisors. The rationale (that we were told) was that the unions are all Uniform Supervisors. Regardless, it is what it is.
Why in the world is the LBA/CEA bargaining alongside, of all unions, Sanitation Supervisors??? Even FDNY Supervisors? Do Sanitation and FDNY Bosses have to worry about the Black Guerrilla Army assassinating them? Do they experience what cops are dealing with all over the country at this point in time? Law Enforcement Unions should only bargain alongside Law Enforcement Unions..... I hope this is just a bad rumor.
Why in the world is the LBA/CEA bargaining alongside, of all unions, Sanitation Supervisors??? Even FDNY Supervisors? Do Sanitation and FDNY Bosses have to worry about the Black Guerrilla Army assassinating them? Do they experience what cops are dealing with all over the country at this point in time? Law Enforcement Unions should only bargain alongside Law Enforcement Unions..... I hope this is just a bad rumor.
I completely agree and it is not a rumor. It came from the LBA president's mouth. I heard it myself.
I do not think this is part of the new contract at all. Here's why: The LBA president mentioned this at the lecture last week, as a reason why we lost chart days in the last contract. He said something to the effect of- 'we had to give up something, so the membership chose to give chart days rather than a stretch out to top pay.' He went on to say that he did not want the stretch out to top pay like the PBA or even worse, to 7 years, like Nassau POs.
well let look at the principle contract....9 year contract...they got 2 4's for 2010 through 2012...total 18 percent over 9 years. Not terrible, what do you guys think about a contract like that?
11 percent over 7 years....possibly no retro..with a reopener clause....if those are the confirmed numbers then you can thank your union for sucking once again
There's no re-opener because the City is scared of what PERB will give the PBA... That's why. And the SBA is holding out to use what the PBA gets from PERB as leverage in negotiations... Just my opinion.