Philadelphia officials on Thursday announced a new three-year contract with the firefighters’ union that offers wage increases to members and requires them to increase their pension contributions.
The new agreement will cost the city an estimated $150 million over six years, including the current fiscal year that ends in June, said Mike Dunn, a spokesman for Mayor Kenney. The administration is still examining options for funding the contract, which is in effect from July 2017 through June 2020.
Members of International Association of Fire Fighters Local 22, which represents firefighters and paramedics, will receive 3.25 percent raises in the current fiscal year — retroactive to July 1, 2017 — and raises of 3.5 percent and 3.75 percent in the following two years, respectively.
Employees will also increase their pension contributions under the new contract, which the city said will bring more than $57 million into the pension fund in the next 13 years.