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Economic Contract

Definition

The Economic Agreement determines the overall general wage increases for the majority of DC 37 members. It also includes provisions for job security, annuities and privatization.

What agencies are covered?
    Mayoral agencies
    Cultural institutions
    Department of Education
    Libraries
    HHC
What are the exceptions?
    Certain non-mayoral agencies: In certain non-mayoral agencies like CUNY, workers are not covered by the economic contract. Contact your union representative or local president for more information.
    Prevailing rate workers: Wages and benefits are covered under separate agreements called Comptroller’s Determinations. Contact your union representative or local president for more information. (See also the NYC Comptroller’s website)

Summary of Economic Agreement
Contract value: 8.26% overall
8.16% in compounded wage increases over 24 months
(March 3, 2008 to March 2, 2010)*

1. Term of Contract - 24 months

2. Wage Increases
4% - 1st day of 1st month (3/3/08), on base rate
4% - 1st day of 13th month (3/3/09), compounded on base rate in effect 3/2/09

3. Recurring Increment Payment (RIP)
For those titles that receive a Recurring Increment Payment (RIP), RIPs shall be increased by the general wage increases.

4. Additions to Gross
Effective on the last day of the agreement the wage increases shall be applied to additions to gross: uniform allowance, equipment allowances, transportation allowances, uniform maintenance allowance, assignment differentials, service increments, longevity differentials, longevity increments, advancement increases, assignment (level) increases and experience, certification, educational, license, evening or night shift differentials.

The total cost of these increases shall not exceed .10 percent of the December 31, 2007 payroll, including spin offs and pensions.

5. Health and Pension Benefits Preserved

6. Continuation of All Other Terms of the Previous Economic Agreement




*Effective date for Family Paras shall be May 10, 2008 - May 9, 2010




*Download Acrobat Reader to view and print PDF files.

 

 

 
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