#NYC cancels $900M deferred compensation payout to teachers
“#NYC cancels $900M deferred compensation payout to teachers” The de Blasio administration has canceled a long-scheduled $900 million deferred compensation payout to current and former teachers, citing the coronavirus-induced financial crisis. The payout due this month — the last in the series of five stemming from union negotiations between 2009 and 2011 — was called…