1. What is the UFT 2023 Contract Salary Calculation?

The UFT (United Federation of Teachers) 2023 contract includes salary increases and bonuses for members. This calculator helps determine your new salary based on the contractual terms.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Previous\ Salary \) — Your current salary before increases
• \( Increase\ Rate \) — Percentage increase (e.g., 3% for 2023)
• \( Bonus \) — Any contractual bonus payment (e.g., $400 in 2024)

Explanation: The calculation applies the percentage increase to your base salary and then adds any contractual bonuses.

3. Importance of Accurate Salary Calculation

Details: Understanding your new salary helps with financial planning and ensures you're being compensated correctly according to the contract terms.

4. Using the Calculator

Tips: Enter your previous salary in USD, the percentage increase (e.g., 3 for 3%), and any applicable bonus amount. All values must be valid (salary > 0, increase rate ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: What is the standard increase rate for 2023?
A: The 2023 contract includes a 3% increase effective May 14, 2023.

Q2: Are there different increase rates for different years?
A: Yes, the contract includes varying increases over multiple years. Check your specific contract terms.

Q3: When are bonuses typically paid?
A: Bonuses are usually paid in October, but exact dates may vary by year.

Q4: Does this include retroactive payments?
A: No, this calculator only shows ongoing salary. Retroactive payments would be calculated separately.

Q5: How does this affect my step increases?
A: This calculator shows contractual increases. Step increases would be calculated separately and compounded with these increases.