United Federation of Teachers president Michael Mulgrew on Friday said the tentative contract agreement reached between New York City and the union will be a significant help for educators.

If the agreement is ratified by the members of the UFT, it will be retroactive to last September and will include staggered wage increases every year through September 2026.

Teachers will also get an annual retention bonus as long as they continue to work for the education department – beginning with $400 in 2024, $700 is 2025 and $1,000 in 2026.

During an appearance on “Mornings On 1,” Mulgrew highlighted the importance of this agreement in attracting new talent to the city's education system.

"I think it will really help us with recruitment," he said. “If you're a first-year teacher or 25th-year teacher, you will be getting that, I call it, ‘thank you bonus’ – every year from the city.”

The contract agreement came days before the city also reached tentative agreement with the Uniformed Officers Coalition – a group of 11 unions that represents more than 32,000 city employees including police, firefighters, sanitation workers and correction officers.

Following that agreement Thursday, Mayor Eric Adams made a public appearance in which he acknowledged the indispensable nature of the work performed by workers who do not have the option for remote work.

“You can't put out a fire from home. You can't get a gun off the street from home. That's the uniqueness about the men and women they represent. This is not a remote profession. This profession ensures that other people can do things remotely, because they're there making sure the city is safe, clean and free from destruction,” he said.