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Starting salaries for New York City teachers will increase to $72,350 by 2026 under the United Teachers Federation's newly ratified contract. That's 18.5% more than the current starting salary of $61,070.

In the 2023-24 school year, starting salaries will range from $62,902 (bachelor's degree, no prior teaching experience) to $86,491 (master's degree, eight years teaching experience, plus additional coursework).

As of , the average hourly pay for a Public School Teacher Assistant in New York City is $16.53 an hour.

The contract also includes a $3,000 lump sum ratification bonus for all UFT members and a first-of-its-kind annual retention payment to be paid in May of each year, beginning with $400 in 2024, $700 in 2025 and $1,000 in 2026 -- and every year thereafter.

C2: This is called the first differential. It requires 30 credits beyond the bachelor's degree requirement. These may be all excess undergraduate credits, all graduate credits, or a combination of both.

The new contract will raise UFT members' salaries by 17.6% to 20.4% through 2027, including retroactive pay, annual bonuses, and annual raises. The contract provides annual raises specifically of 3% for the next two years, 3.25% in 2025, and 3.5% in 2026.

PUBLISHED: July 10, 2023 at p.m. | UPDATED: July 10, 2023 at p.m. New York City teachers voted to ratify a new five-year union contract that provides annual raises and significantly expands virtual learning, the United Federation of Teachers announced Monday.

New York City educators will get fat pay hikes and bonuses of up to 20% under a new five-year, $6.4 billion labor contract announced Tuesday by Mayor Eric Adams and the United Federation of Teachers.