New York teachers get retroactive pay deal with city: report

NEW YORK Thu May 1, 2014 11:40am EDT

New York Mayor Bill de Blasio answers questions during a news conference at City Hall in New York March 11, 2014. REUTERS/Brendan McDermid

New York Mayor Bill de Blasio answers questions during a news conference at City Hall in New York March 11, 2014.

Credit: Reuters/Brendan McDermid

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NEW YORK (Reuters) - New York Mayor Bill de Blasio could announce a deal as early as Thursday to settle a years-old labor dispute with city teachers who have been seeking retroactive pay worth up to $3.5 billion, according to a report in the New York Times.

The report, which cites 'an official involved in the talks', said the 9-year contract will include retroactive pay of about 8 percent of wages going back to 2009 and raises of up to two percent in subsequent years, as well as healthcare savings for the city.

Reuters reported in March that a broad outline of a deal, which would mark the teachers' first contract since 2009, would emerge at the end of April, potentially opening the door to a settlement with over 300,000 other city workers before the end of the city financial year on June 30.

(Reporting by Edward Krudy; editing by Andrew Hay)

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Comments (4)
ARJTurgot2 wrote:
And the seeds of New York’s next financial crisis have been sown. Some one needs to tell them that Congress took away Obama’s credit card. See Detroit for details.

May 01, 2014 11:53am EDT  --  Report as abuse
The payback.

May 01, 2014 11:55am EDT  --  Report as abuse
unionwv wrote:
Quite expectable political-base serving by the political lefty now running NYC:
Grant teacher’s unions further access to the public till and go after independent educators – restrict vouchers, etc.

May 01, 2014 11:59am EDT  --  Report as abuse
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