UPDATED: Retirement Disincentive, Part II?

UPDATED 5/15

It took some digging, but I finally found  a definitive answer about whether those who retire AFTER June 30, 2014 will receive a pension based on the 4+4 that is not being paid out in full to in service members until 2020:

Pending ratification, the contract provides that members who retire on or before June 30, 2014, will receive payment in full for the retroactive raises in one lump sum. Members who retire on or after July 1, 2014, will be paid the retroactive money on the same schedule as in-service members: beginning Oct. 1, 2015, and ending Oct. 1, 2020. In both cases, the pension calculation at the time of retirement will include the entire 8 percent rate increase arising from 2009 and 2010 and any other pay increases that occurred during a member’s employment.

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Something just struck me about the way the proposed UFT contract deals with retirement. I hope I am wrong--if anyone knows, please reply in the comments.

Yesterday, I posted how someone like myself, or anyone else set to retire in the next few years, will have to wait for retro pay as if we were in service, thus creating a disincentive to retire. The more I thought about it, the worse it became. You see, pension is based on your FAS, or Final Average Salary, which is generally the average of your salary for the final three years you worked. Here's what the union's FAQ says about that:

You will receive your full retroactive pay in a lump sum only if you retire on or before June 30, 2014. If you retire after that date, you will receive your retroactive pay on the same schedule as in-service employees. Retroactive raises would be included in the calculation of final average salary.

OK...that's fine if you've already retired. But what if, like me, you're eligible to retire AFTER June 30? What exactly does this line mean: Retroactive raises would be included in the calculation of final average salary.?

So if you retire before June 30 and your FAS is 100K (which is likely, since that's the highest salary), then your retirement benefits will be increased to reflect the retro money, i.e., your FAS will be 108K. This will increase one's pension about 4K a year (50% of the 8K). That's great.

But if you retire AFTER June 30? That part is unclear. Yes, you will receive the retro money over time like everyone else. But how will your pension be calculated? Will your FAS be 100K or 108K?

It's not a small question. That 4K difference would add up to a LOT of money over time. A person enjoying a 25 year retirement would enjoy it a whole lot less, because they would lose 100K over that time period.

So, does anyone know the answer? For those of us who must retire after June 30, will the retro be figured into the FAS? Or will we be screwed out of the money?