Mayor Bloomberg and the UFT have agreed to allow teachers to retire with full pension and health benefits at age 55, pending approval by the state legislature (which has already passed the deal unanimously before, with Pataki’s veto). You find out about that, and not in detail, at the end of articles today in the Times, Post and Sun. The part of the deal that led those articles, and led the city’s press release that was used to quickly and easily create those articles, is that there will be “merit pay,” something that may allow Bloomberg to make a political point. The teachers would receive bonuses if they worked in low-performing schools and those schools improved. But that may be a pilot program, which can be terminated after Bloomberg leaves, and is funded only with private donations, whose future is at best uncertain. The real order of significance can be found in on the UFT website and in the Daily News story, where this part of the agreement is given its proper insignificance. Or more significance than it deserves.