Mayor Eric Adams and the city’s powerful teachers union agreed on a $6.4 billion deal, packed with pay hikes and signing bonuses for teachers. 

The tentative, five-year agreement with the UFT and its 160,000 City Department of Education workers includes a retroactive wage increase back to Sept. 2022.

Teachers are set to receive a 3% pay hike for the first three years through 2025, then 3.25% and 3.50% in the fourth and fifth years. 

The deal also includes a $3,000 signing bonus for new teachers and a retention bonus to be handed out annually in May — starting at $400 per member in 2024, $700 in 2025, and $1,000 every year afterward, according to the agreement terms.

“It’s a great deal for workers and as I said, it’s fair for city taxpayers,” Adams said at a City Hall-based press conference Tuesday, flanked by DOE Chancellor David Banks and UFT president Michael Mulgrew.

There’s also a provision permitting an increased emphasis on virtual learning for high schoolers and some middle school students — allowing “flexible” scheduling as well as classes on weeknights and weekends.

The announcement also comes less than 24 hours after NYPD Commissioner Keechant Sewell revealed that she’s resigning from the department — shocking fellow cops and City Hall alike.

Adams acknowledged the bombshell departure at the top of his remarks, thanking the top cop for her less than two years of service heading the nation’s largest police force. 

“The commissioner was there 24 hours, seven days, running the largest police departments in the country,” he said.

“She came in with a hammer, she broke the glass ceiling.”

“We are going to continue to move this department forward,” he added.