These agreements with the so-called Tier 6 employees will provide three-quarters of a worker's salary if injured while on duty, de Blasio said late Monday. All three deals will include employee payroll contributions.
De Blasio said the city's share of the firefighter agreement will be $6 million in fiscal 2017 and rise to $12.6 million in fiscal 2021, while the sanitation and corrections agreements will not cost the city.
Tier 6 Firefighters will contribute 2% of salary, which could rise to 3% based on actuarial factors. Sanitation and correction workers will contribute 1.3% and 0.9%, respectively, also subject to an actuarial review every three years.
The deal does not include the Patrolmen's Benevolent Association, by far the largest of five police unions. By state law, the PBA contract, which expired in 2010, continues until a new agreement takes effect. All municipal labor contracts expired under the watch of de Blasio's predecessor, Michael Bloomberg.
Some state lawmakers in Albany have proposed measures that would restore three-quarters disability-pension benefits to recently hired police and firefighters. Such a measure could drive city pension costs up further.
According to the watchdog Citizens Budget Commission, which cited the city's current four-year financial plan, personal service costs represent the biggest driver of expense growth. CBC projects such costs to have increased 30% by 2020 due to increases in salaries and wages and spiking health insurance premiums.
De Blasio's proposed $82.2 billion fiscal 2017 executive budget is before the 51-member City Council, which might vote on it this week.
Moody's Investors Service rates the city's general obligation bonds Aa2. Fitch Ratings and S&P Global Ratings assign AA ratings.
