Friday, December 24, 2021

fdny gets retroactive pay raises

The term of the agreement is three years; for most covered employees
this spans the period of August 1, 2017 through July 31, 2020. The
wage increases will constitute 7.95% over three years, following the
pattern of those negotiated with the Uniformed Officers Coalition:

2.25% on the first day of Year 1

2.50% on the first day of Year 2

3.00% on the first day of Year 3

In addition, the parties agreed on increases to longevity pay. The net
cost of this settlement in the current fiscal year, including
retroactive payments going back to August of 2017, is approximately
$400M, which has already been funded.

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