General Membership Meeting Wednesday, September 27 4:00 pm High School Auditorium

What could happen to me?

ERS (secretarial, custodial and nurses) NYSTRS (teachers and administrators) ERS (secretarial, custodial and nurses) This includes teachers, secretarial, custodial, administrative and nurses Generally, 60% of your Final Three Years Salary

Let’s say they tax your pension…

Let’s say they tax your pension…

Let’s say they tax your pension… Minus 30%

Let’s say they tax your pension… Minus 30% CONSERVATIVE

Let’s say they tax your pension… Minus 30% CONSERVATIVE That is a loss of $18,000 a year

Project that over 20 years…

Project that over 20 years… $18,000 X 20 years

Project that over 20 years… $18,000 X 20 years That is a loss of $360,000

How do I make it up?

How do I make it up? $360,000 lost 15 years left in your career With 10% rate of growth

How do I make it up? $360,000 lost 15 years left in your career With 10% rate of growth Contribute an ADDITONAL $21,600 a year to your 403(b)

How do I make it up the money?

How do I make it up the money? You don’t.

How do I afford to continue to live on Long Island?

How do I afford to continue to live on Long Island? You don’t.

How do I get it back?

How do I get it back? You don’t.

So what’s the problem? We’ll just go out and vote “no”.

So what’s the problem? We’ll just go out and vote “no”. You don’t.

“49 - 41 percent support for an amendment to prevent reductions in public employee pension benefits” - Quinnipiac University Poll July 5 – 10, 2017

When Gina Raimondo sought to attack public pensions through the Rhode Island Constitutional Convention “…Donors from Wall Street firms like Golden Sachs, Bain Capital and JPMorgan Chase showered her with money, with more than $270,000 coming from New York contributors alone.” -“Looting the Pension Funds” By Matt Taibbi Rolling Stone

New York State Teachers’ Retirement Rep “If the Constitutional Convention goes through, maybe we don’t deserve our pensions.” Tim Southerton New York State Teachers’ Retirement Rep

Video

Nurse 12 LASA 31 Custodial 97 TAL 545 685 Public Employees

4,110 685 Public Employees X 2 (spouse or loved one) 1,370 Add two more people 4,110

Let’s turn “You don’t” into “We Do!”

Michael Pastore, President 1. Surveillance 2. Class Size 3 Michael Pastore, President 1. Surveillance 2. Class Size 3. Elementary Half Day 4. Sick Day Buyback Arbitration 5. Letter from Payroll