No Raise for Albuquerque Teachers

KOB TV - Public schoolteachers in Albuquerque are getting ready for another school year without a pay raise and in fact their paychecks will be smaller than they were last year. The Albuquerque Teachers Federation has reached a tentative agreement with Albuquerque Public Schools on a new contract without pay raises for the third year in a row and teachers will be paying a bigger share of their salaries into their pension plan. The average APS teacher makes about $43,000 a year and the bigger pension contribution will shrink that average paycheck by about $60 a month. The legislature came up with the one year increase to help balance the recession-ravaged budget without raising taxes. "They are giving a greater contribution, but so are all state employees across the board," said Gov. Susana Martinez. "Keep in mind that in New Mexico the employer contribution to the retirement for state employees is the third highest in the nation." Read full story here: News New Mexico

No Raise for Albuquerque Teachers