October 31, 2018 - Feb13, 2019 (3.5 months) 0% *
Feb 14, 2019 - Feb 13, 2020 2%
Feb 14, 2020 - May 13, 2020 (3 months) 0%
May 14, 2020 - May 13, 2021 2.5%
May 14, 2021 - May 13, 2022 3%
May 14, 2022 - Sept 13, 2022 (4 Months) 0%
Total: 46.5 Months 7.5%
7.5% compounded will be a little more. The increases amount to about 1.94% annually.
There are also healthcare givebacks UFT members will vote on where new teachers have to go on HIP for year one and all of us have to go to non hospital settings for certain procedures.
We also still have to wait until 2019 and 2020 to get the final two payments back from the interest free loan we made to the city in the last contract. In addition, we are paying union dues on this money when we already paid union dues on the original checks.
All of this when the city economy has never been stronger. City investments with our money are doing better than expected. Those are our investments and the money should go back to us.The city economy is growing at a rate of 2.7%. The prosperity of the last ten years has passed us by.
As for city surpluses, this is from State Comptroller Thomas Di Napoli:
The city's most recent four-year financial plan, released in June, projects a surplus of nearly $4.6 billion in FY 2018, the largest in 10 years.
And further down:
To its credit, the city continues to contribute to the Retiree Health Benefits Trust, which now has a balance of nearly $4.4 billion, the highest amount ever.
What I would like to know is why NYC teachers are not worth as much as teachers just north of the Bronx in Yonkers? Check out their actual salaries for 2017.
As for the non-financial parts of the contract, two observation minimums for some teachers is a gain but it isn't nearly as strong as most districts have in the rest of the state where everyone has two observations and it won't start until next year. The other changes look cosmetic (committees on higher class sizes) but I have to see the actual language to be certain.
Will this contract change the anti-teacher culture at the DOE? Who knows? There's nothing in there I can see to reign in the many abusive supervisors that are running rampant in our schools.
UFT member expectations are very low. Remember, we have pattern bargaining in NYC where one municipal union settles on a raise and that sets a pattern for the other unions who receive basically the same increase in that round of collective bargaining. Arbitrators have upheld pattern bargaining many times. DC 37 set a pattern in June that does not keep up with inflation. The UFT is copying that settlement.
Beating DC37 would be impossible without a real fight and the opposition in the UFT is very fragmented so I don't see much of a battle coming. This contract should easily carry. Mulgrew and his Unity Caucus don't want any kind of struggle as settling over four months before the current contract expires shows.
If I were a Delegate, I would abstain without first viewing the entire Memorandum of Agreement. Anybody who votes on something based on Michael Mulgrew's word is making a foolish move.
* Extension 1 of current contract: Oct 31, 2018 - Nov 30, 2028 was to pay lump sum payments for 2009-14 retirees.
Extension 2 of current contract: Dec 1, 2018- Feb 13, 2019 was to pay for Paid Parental Leave.