Koch-Brothers-Exposed_seal

More Fuzzy Math From the Koch-Funded Pioneer Institute, This Time on Sick Leave

January 26, 2016

Koch-Brothers-Exposed_sealOnce again, the Koch-funded Pioneer Institute in an effort to demonize working families and destroy worker rights released a new study filled with fuzzy math to take the focus off decades of under investment and poor management at the T. The following is what the Koch-funded Pioneer Institute aren’t telling you in their study:

  • The Pioneer institute is using some fuzzy math in their sick leave calculation.
  • The highest paid bus drivers make far less in pensionable salary (doesn’t include overtime) than the $81,000 cited in their report.
  • Not all MBTA employees are members of the retirement fund.
  • Members that quit or are fired lose any accumulated sick leave and receive no benefit.
  • Long term employees with 30.5 years of service max out their pension at 75%, (compared to 80% maximum in the state system) of their best three years and receive no additional credit or pay for unused sick leave.
  • Even with the pioneer’s inflated hypothetical calculations a 25 year employee would only receive a little over $22 a week in retirement, that’s not a lot of money for your finest employees after 25 years of service.
  • The ability to use accumulated sick leave as an incentive at retirement is a better deal for the MBTA than their employees.
  • If an essential employee is out sick their shift will be covered with overtime at 1.5 times their base pay.
  • In a time where the MBTA is looking to cut absenteeism this is an inexpensive program to reward your best employees.

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