Eric Adams, NYC teachers’ union agree on whopping $6.4B contractBy Bernadette Hogan
June 13, 2023
Mayor Eric Adams and the city’s powerful teachers union agreed on a $6.4 billion deal, packed with pay hikes and signing bonuses for teachers.
The tentative, five-year agreement with the UFT and its 120,000 City Department of Education workers includes a retroactive wage increase back to Sept. 2022.
Teachers are set to receive a 3% pay hike for the first three years through 2025, then 3.25% and 3.50% in the fourth and fifth years.
The deal also includes a $3,000 signing bonus for new teachers and a retention bonus to be handed out annually in May — starting at $400 per member in 2024, $700 in 2025, and $1,000 every year afterward, according to the agreement terms.
“It’s a great deal for workers and as I said, it’s fair for city taxpayers,” Adams said at a City Hall-based press conference Tuesday, flanked by DOE Chancellor David Banks and UFT president Michael Mulgrew.
* * *
Source:
https://nypost.com/2023/06/13/eric-adams-nyc-teachers-union-agree-on-6-4b-contract/