Eighty-three percent of members voting endorsed the contract.
City public school principals have agreed to a sizeable pay cut and will begin paying toward their health benefits.
Members of the local Commonwealth Association of School Administrators ratified the contract. The votes were counted and the results announced Monday by union officials.
Under the terms of the new contract, the average assistant principal or principal would take a pay cut of 12 to 17 percent. Principals now make between $124,000 and $149,000, and that will change to $97,000 to $124,000. Assistant principals are now paid between $106,000 and $133,000, and that will be reduced to between $88,000 and $110,000.
Philadelphia School District principals and other administrators have, for the past few years, been year-round employees. They will shift to working 10 months under the terms of the new contract.
With its steep concessions, the principals’ contract could have big implications for the Philadelphia Federation of Teachers, the much larger union whose pact is still being negotiated.
Facing an unprecedented fiscal crisis, district officials have budgeted $130 million in savings over five years from the unions, including the principals’ union and PFT. They have also said the School Reform Commission is willing to invoke its special powers to impose terms on unions with which it cannot reach deals.