New York teachers want $3.4 billion in back pay

Published: Wednesday, Feb. 5 2014 2:31 p.m. MST

Not long ago, New York City teachers lost their 4 percent raises because of economic troubles in the United States. Now, nearly five years later, they want that money back in retroactive pay, according to The New York Times.

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Not long ago, New York City teachers lost their 4 percent raises because of economic troubles in the United States. Now, nearly five years later, they want that money back in retroactive pay, according to The New York Times. But getting that money back would be a problem for New York, as the back pay would be $3.4 billion.

“If the fact-finding panel calls for $3.4 billion, that could make it harder for the mayor to give other municipal unions, whose contracts have also long since expired, the sort of raises they have been clamoring for,” The NY Times reported.

Read the full article at nytimes.com.

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