The Israel Teachers Union and the Finance Ministry officially signed the reform plan and wage agreement "New Horizon" on Wednesday morning. "This is an historic occasion," union head Yossi Wasserman said. "After 60 years the Teachers Union has succeeded, together with the state, to put education at the top of the national agenda and improve the status of the teachers, their salaries and their work conditions. After many many months of negotiations we have succeeded in arriving at an agreement which I can clearly say is good for both teachers and students." "I am proud and happy that we've bridged all the gaps and reached an agreement that represents a new horizon," Treasury Wage Director Eli Cohen said. "Throughout the entire process Wasserman was a true partner, who put what was best for teachers, students and the education system first."