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5 things you need to know about the new teachers' contract

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STATEN ISLAND, N.Y. -- Here's five things the average New Yorker should know about the new contract between the city and the United Federation of Teachers. 1) The teachers' union contract is the first of several municipal contracts to be negotiated under the administration of Mayor Bill de Blasio. 2) The contract will cost the city approximately $5.3 billion...

teachers jpg.JPGNew York City public school teachers will be soon be voting on a new contract with the city.

STATEN ISLAND, N.Y. -- Here's five things the average New Yorker should know about the new contract between the city and the United Federation of Teachers.

1) The teachers' union contract is the first of several municipal contracts to be negotiated under the administration of Mayor Bill de Blasio.

2) The contract will cost the city approximately $5.3 billion before it expires in 2018.

3) Roughly 3,000 union delegates approved the contract during an assembly Wednesday. This clears the way for the contract to be put to a vote by the rank-and-file.

4) The contract includes retroactive pay, healthcare savings and classroom reforms.

5) By the end of the contract in 2018, starting salaries for new teachers out of college with a bachelor's degree will have gone from  $46,445 to $54,411 a year. Salaries for senior teachers, those with 22 or more years in the classroom and a master's degree plus 30 additional credits, will go from $102,060 to $119,565. 



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