Not a New Years Post (and a hint about grandfathering)
December 31, 2022 pm31 2:36 pm
I have much to write and say:
- About retirement (here in practice, imminently official)
- About Medicare advantage (Mulgrew and Adams are gearing up for a big push – next two/three weeks are crucial)
- About math. Math is always good. I need to read more, and especially write more.
- About travel – and there will be trips
- Puzzles (of course! Puzzles are great!)
- About reading. Much improvement here. And interesting things
The Medicare will be big in the short term. Stopping our union from screwing retirees has to be at the top of the list.
But I might start with grandfathering. I’ve heard talk that current retirees should be protected. That they should be “grandfathered”. Me, I don’t think so. I’ve long opposed separate deals – they divide us. And me personally? A grandfathering ‘compromise’ would leave me screwed. I’m against grandfathering. Always have been.
Now grandfathers? I’m all in favor of grandfathers. Take a look:
3 Comments
leave one →
JD2718 
At any rate, Mulgrew was asked about grandfathering at an in-person meeting of the Retired Teachers Chapter (where he spoke from a video screen instead of the podium, like the Wizard of Oz), and he said no insurer would be interested. My take on that is that the insurers want to enroll hundreds of thousands in one fell swoop. It wouldn’t be as profitable to enroll waves of people as they retire in the future.
That is correct. The alliance contract had a provision for what they called gainsharing. The more people that were auto enrolled into the program, they would split the profits with the city. The profit margins would reduce, and the cost increase the more people dropped out of the plan. The contract is on our website.
Happy New Year Jonathan! Keep on writing; always looking forward to your commentaries.