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From The Secretary ...
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| By Frank Kelly, Secretary | ||||||
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| Lump Sum Settlement
As many of you know, the Executive Board of Local 798 felt obligated to file a lawsuit once we discovered our members were not receiving their full entitlement upon retirement. The allocations included payouts for SP, Vacation and TC. Negotiations have ended and I am happy to report at this time that the case is settled in principle with the City, subject to Court approval and approval by the Board of Supervisors. The parties have not yet agreed on the wording of the settlement agreement. Before the Court approves the settlement, the retirees will be advised formally of the terms of the settlement and have an opportunity to object. |
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| Most retirees who received the lump sum payouts from February 25, 2002 through June 30, 2007 will be entitled to share in the settlement. The amount that each retiree will receive will depend on the amount of his/her “regular” lump sum payout (that is, the amount without the Training and Education Achievement Pay, Retention Pay and Terrorism Response Training Pay), and how he/she responded to notices sent in connection with the lawsuit. Each person will not receive the same amount.
The settlement monies for retirees will not be paid until after the “regular” lump sum payments are calculated for everyone who retires through June 30, 2007. Based on past experience, we can estimate that that means that it will take at least 6 weeks after June 30, 2007, but more than likely it will take several months. During regular MOU negotiations in 2007, Local 798 and the City will negotiate about how the lump sum payouts will be handled for July 1, 2007 forward. I would like to thank all retired members who contributed to defray the cost of this lawsuit. “LET THE BUYER BEWARE” I recently received a call from a Telemarketer. The individual stated that he was representing The Firefighter Charitable Foundation and asked if I was interested in purchasing tickets to the Grand National to support firefighters. The Firefighter Charitable Foundation is based in New York City and has no affiliation to Local 798 or any other Local in the Bay Area that I am aware of. It’s that time of the year that we feel that we should do or give more. But before you give, don’t be afraid to ask a few questions, after all, there are enough local charities in the Bay Area that could use a little help. FAIR AND EQUITABLE EXAMINATIONS A few words on the recent H-30 Captain’s Exam and process OY - VEY!!! Finally, I would like to thank the membership for their support. I look forward to serving you for the next two years. |
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