New York City has reached a nine-year, $891 million deal with its principals and administrators that will include back pay for principals and incentives for those who take over academically underperforming schools.
Principals and other union members will see a wage increase of 18 percent through the term of the contract, which covers 2010 through 2019, say local news accounts. The contract guarantees retroactive back pay to about 1,900 principals who were promoted from the ranks of teachers since 2009, which had been a major point of contention.
The contract will provide bonuses of $15,000 to principals and $10,000 to assistant principals who take jobs in struggling schools.
