NEW CONTRACT AGREEMENT

From the UFT Hotline:

UFT President Randi Weingarten announced that the union and the city have reached tentative agreement on a new two-year contract that would give every educator at least a 7.1% raise and boost the most experienced educators' salary to more than $100,000. The pact, which includes a $750 cash payment and a $1,000 longevity increase for educators who stay in the system for five years, brings the total cash value to more than 8%. It also includes raises to keep pace with rising drug costs, enhancements to extracurricular activities and no givebacks. Randi said, "This settlement, if ratified, will mean that between 2002 and 2009 teacher salaries will have risen by at least 40%. Finally, we are making real progress." She also noted that settling the contract a year in advance of our current contract's expiration date will give members added certainty and stability. Under the agreement, which must be ratified by the members, educators would receive a 7.1% increase over 24 months ending in October 2009. Members would get a 2% raise beginning October 13, 2007, and another 5% effective May 19, 2008. The contract would expire October 31, 2009. Details and examples of the pay raises are available elsewhere on this Web site.

Thanks to Just a Cog