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MA City Teachers' Agreement Includes 403(b) Match Cut
In the three-year contract that will take effect September 1 teachers agreed to give up matching contributions to their 403(b) retirement accounts, according to the Daily News of Newburyport. Teacher steps, a program which enables teachers to earn more in salary for completing graduate coursework and advanced degrees, has also been reduced by 75% the first year and 50% the second year.
The contract provides that teachers will receive a 2% raise the first year and 2.75% raises the last two years, according to committee Chairman Anne Donahue, the news report said.
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