An open letter to Mayor Michael Bloomberg:
I am writing to you regarding your testimony at the joint state Senate-state Assembly budget hearing in Albany Feb. 7 and subsequent public comments you have made about the Variable Supplement Fund.
In your testimony at the hearing, you called the VSF a “bonus.” You have also referred to the VSF in the media as “Christmas bonuses.”
I find your comments disturbing and incorrect. As you should know, the $12,000 VSF, as currently constituted, was part of collective bargaining agreements between the police, fire and corrections unions and the city. At the time, these agreements allowed the city to adopt a more aggressive pension investment strategy in order to hopefully reduce the amount each year that the city would have to directly contribute to the pension funds — which it did to a reported amount of $4 billion. In return for this change, the city offered the VSF.
It is unconscionable, now years later, to blame the unions for something the city initiated and benefitted from.
Furthermore, your characterization of the VSF as “Christmas bonuses” is disgraceful. Your attacks in this regard on the city’s uniformed personnel, who put their lives on the line every day, is unbecoming for a mayor of New York City.
Such baseless statements must stop. Anything less is unacceptable and further damages your credibility as mayor.
Sen. Tony Avella
©2011 Community News Group
By submitting this comment, you agree to the following terms:
You agree that you, and not TimesLedger.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to TimesLedger.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.