Salary & Benefits
Once hired, you will be a full-time teacher of the NYC Department of Education and earn a starting annual salary of at least $54,000. New York City teachers earn more based on experience and coursework beyond a bachelor’s degree. Once Fellows have completed their master’s degree, they can expect to earn an annual salary of at least $60,704. From 2015 to 2018, all salary steps will increase about 13 percent, with the most experienced teachers earning $119,000 annually.
To learn more about how salaries are determined, or to view a full salary schedule, please visit the Division of Human Resources' teacher salary page.
Teachers can select from a variety of health insurance plans, several of which require no employee contributions. Coverage for teachers and their families (including registered domestic partners) begins on the first day of employment. Teachers also receive dental, vision, and prescription drug benefits through the United Federation of Teachers (UFT) Welfare Fund. Please note that Fellows are responsible for their own insurance during pre-service training. To learn more, please visit the New York City Department of Education’s Human Resources page.
The Teachers’ Retirement System of the City of New York (TRS)—one of the largest pension systems in the country—provides New York City public school teachers with retirement, disability, and death benefit services. Teachers can also opt into the NYCDOE’s Tax-Deferred Annuity Program, a supplemental retirement plan that allows members to defer taxes on their contributions and any investment earnings from those contributions until they withdraw the money as income.
As an NYC Teaching Fellow, you may be eligible for a one-time, federal AmeriCorps award based on your certifying subject area and if you accept a full-time teaching position in the Bronx. The national AmeriCorps is a network of service programs that connects more than 100,000 Americans each year to serve our country’s most critical needs in areas including environmental issues, disaster relief, and education.
Upon successfully completing their first year of teaching, Fellows who participated in Americorps are eligible for several financial benefits:
- An education award of up to $5,815. The Education Award can be used for repayment of federal student loans and/or for future educational costs at schools that accept federal financial aid. Fellows are ineligible to apply the AmeriCorps Award towards their master’s degree in education because this degree is subsidized.
- Postponing repayment of federal student loans. As an AmeriCorps member, you may be eligible to pause repayment of any outstanding federal student loans. That means you would not have to make any federal student loan payments during your year of service, and after successfully completing the year, AmeriCorps would repay any interest accrued during that time.
In addition to these financial benefits, AmeriCorps members receive special training that prepares them to incorporate service learning and volunteerism into their teaching, including opportunities to participate in special activities such as AmeriCorps Week and the Martin Luther King Day of Service in their local communities.
AmeriCorps availability is dependent on federal funding and the award size is subject to change annually. As a result, candidates will be notified as soon as eligibility is determined, most likely during pre-service training.
Additional resources: Teachers’ Retirement System of the City of New York
Zennebe, 2007 Fellow