April 5, 2023 New York City and NYPD’s union have reached a new labor agreement that is reported to cover eight years from 2017 to 2025 and will grant officers a compounded wage hike of nearly 30%.
By Chris Sommerfeldt and Michael Gartland Source New York Daily News Distributed by Tribune Content Agency, LLC.
Mayor Adams and the Police Benevolent Association are expected to announce a new labor agreement on Wednesday, according to three sources familiar with the matter.
“It’s a long-term settlement,” said one source.
The PBA, which represents more than 20,000 rank-and-file cops, and the city have been at loggerheads for years, dating back to the first term of Mayor Bill de Blasio’s administration.
According to two other sources, the contract will cover eight years, from 2017 to 2025, and will grant police officers a compounded wage increase of 28.25% over that time.
The majority of those raises are retroactive and extend back to 2017. Raises for that year will be set at 2.25%. For each year after, police will get an additional pay bump of .25%, meaning that the raise will amount to 2.5% in 2018 and 3% in 2019.