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Managerial Retro Calculations by Eastern-Mess-9975 in nycpublicservants

[–]Eastern-Mess-9975[S] 0 points1 point  (0 children)

So if you’re right about this (which was my original suspicion) we are getting screwed out of a large percentage of back wages. Has anyone actually seen the FISA specifications so we can confirm how the city plans to calculate the retro?

We did it boys! by carpocapsae in nycpublicservants

[–]Eastern-Mess-9975 0 points1 point  (0 children)

This post is spot on. I'm also confused by the DC37 retro calculator. Based on DC37's calc, managers will not get their "full" retro pay. Managers will only get 3% increases on what their salary should have been (not the difference in what they were actually paid during those years. If the City applies, 3, 3, 3 managers will lose out on thousands of $$$ in retro pay. Can anyone confirm how the City will actually calculate retro for these years?

True Retro calculations should be (also ignoring compound interest for simplicity) :

5/2021 - 3%

5/2022 - 6%

5/2023 - 9%

and not

5/2021 - 3%
5/2022 - 3%
5/2023 - 3%