NYC, lecturers union strike deal on deferred compensation payout

New York Metropolis and its lecturers union struck a deal Friday to safe a $900 million back-pay payout the de Blasio administration had attempted to cancel just a day earlier.

The United Federation of Lecturers and Metropolis Corridor agreed to pay out half of the $900 million fee this fiscal yr and the second half within the following fiscal yr.

The union additionally extracted a pledge from the town to not layoff any lecturers this yr and cemented a beforehand agreed-upon 3 p.c pay hike on Might 14, 2021.

“As well as, with lecturers going through layoffs round New York State and the remainder of the nation due to the pandemic’s injury to the financial system, we had been in a position to persuade the arbitrator so as to add a no-layoff pledge and a assure that the lecturers’ subsequent contractual increase — a 3 p.c enhance set for Might — is not going to be challenged by the town,” UFT President Michael Mulgrew stated.

The de Blasio administration on Thursday had called off the massive payout, which was due this month.

It was the final within the sequence of 5 again pay funds stemming from union negotiations between 2009 and 2011 — citing the continuing monetary disaster attributable to the coronavirus pandemic.

First Deputy Mayor Dean Fuleihan had written to the lecturers union that the cancelled fee would assist the town keep away from potential layoffs.

Mayor de Blasio on Friday billed the settlement as a $450 million financial savings for the town.

“The Metropolis faces the gravest fiscal disaster since 9/11, however we are going to construct on our file of robust monetary administration by making the powerful selections and sacrifices we have to preserve the Metropolis operating,” de Blasio stated.

“This settlement permits us to keep away from shedding the lecturers who’ve performed a lot for New York Metropolis’s faculties and college students. However make no mistake, the necessity for the Federal and State governments to step up and supply us with support is as urgent as ever.”

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