New York City educators will get fat pay hikes and bonuses of up to 20% under a new five-year, $6.4 billion labor contract announced Tuesday by Mayor Eric Adams and the United Federation of Teachers. The top teacher salaries for the longest serving teachers will exceed $150,000 for the first time. The proposed contract also cuts in half — from 15 to eight years — the length of time it takes most teachers to reach a salary of $100,000. The agreement covering 120,000 teachers and other staff also expands voluntary virtual learning opportunities for students — an initiative pushed by...