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Tilted Cat Head
Administrator
Location: Manhattan, NY
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from the blog:
twulocal100 blog
Quote:
The transportation authority's 11th-hour offer included a 3 percent raise in the first year, 4 percent in the second year and 3.5 percent in the third year of a new contract, representatives on both sides said. Before yesterday, it was offering 3 percent a year for three straight years.
The authority dropped its demand to raise the retirement age for a full pension to 62 for new employees, up from 55 for current employees. But the authority proposed that all future transit workers pay 6 percent of their wages toward their pensions, up from the 2 percent that current workers pay.
The transportation authority asserts that it needs to bring its soaring pension costs under control to stave off future deficits. But union leaders vow that they will not sell out future transit workers by saddling them with lesser benefits.
Earlier yesterday, Mr. Toussaint hinted at some movement in the talks at the Grand Hyatt hotel, saying that the union would reduce its wage demands to 6 percent a year, from 8 percent a year, if the authority promised to reduce the number of disciplinary actions brought against transit workers. The authority has offered raises of 3 percent a year for three years.
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