The New York State Public Employees Federation (PEF) and the United University Professions (UUP) recently reached contract agreements with the New York State government.
The agreement with PEF is for a three-year term running until April 1, 2026 for more than 51,000 New York State employees in a variety of professional, scientific, and technical titles, the office of Gov. Kathy Hochul said in a news release.
The agreement with UUP is for a four-year term running until July 1, 2026 for more than 37,000 SUNY system faculty and professional employees.
(Sponsored)
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Think Your Employees Aren’t Using ChatGPT?
Think again. Survey data is consistent that use of ChatGPT and other “generative” artificial intelligence (AI) platforms is expanding exponentially. While difficult to quantify, surveys suggest that most employees in
Both contract agreements include increases in salary for employees in each year of the agreement, “consistent with other negotiated agreements.” The agreements also include increases in location pay and changes with health benefits “consistent” with other recently settled contract agreements, the release stated. It did not provide compensation specifics.
Both agreements are subject to ratification by union membership, Hochul’s office noted.
