The House of Representatives has voted for a tax plan that is a massive giveaway to the rich and big corporations. The Senate votes next week on its own version.
Please call Senators Schumer and Gillibrand now. The Capitol switchboard number is (202) 224-3121. The switchboard asks you to press 1 for the Senate or press 2 for the House. After you chose, you enter your zip code, and you will be connected to your representative’s office. Tell them to oppose the tax reform bill.
The Senate bill would totally eliminate personal deductions for state and local taxes, student debt interest, and home mortgages deductions. It would lead to huge shortfalls in state budgets—which could lead to big cuts in New York State funding for CUNY. And see the article in the New York Timeson two less-known provisions of the bill that would be especially punishing for our members: a new tax on tuition waivers received by college employees and a tax on graduate student tuition waivers.
The bill amounts to a geographic redistribution of wealth—with New York City residents among those hit hardest—as well as a redistribution by class. And it would destroy the Affordable Care Act, doing what the Congress couldn’t do through a straightforward vote.
The phased retirement benefit negotiated by the PSC and management allows full-time instructional staff members to ease into retirement. Full-time faculty who are 65 and older, have at least 15 years of pensionable service and are members of the Optional Retirement Program (largely TIAA) are eligible to apply to “phase” for up to three years, work 50% of their workload and receive 50% of their salary and full health insurance. HEOs and CLTs are eligible to phase for up to one year with a 20% workload reduction (one day per week) for 80% pay, if they are at least 65 and Members of the ORP. Faculty and staff must irrevocably commit to retiring at the end of the phasing period. To begin phased retirement in Fall 2018, applicants must develop a plan with their chair/supervisor and submit an application to their college human resources office by November 15, 2017. The application form is available in the Retirement Benefits section of the CUNY website and on college websites. Read more.