MTA and TWU closer to contract agreement

The Transport Workers Union (TWU) and the Metropolitan Transportation Authority (MTA) are one step closer to reaching an agreement Tuesday.

An official in the TWU told News 12 The Bronx that an agreement in principle was reached with the MTA. The official says final steps are being taken to move towards a vote. The executive board of the union is meeting to discuss and vote on the contract. However, the vote could be postponed if union members decide they don?t like what the MTA is offering.

Under the tentative agreement, the retirement age would stay at age 55 and workers? pension would also be the same. The MTA plans to save money by requiring workers to pay into their health plans. The proposed pay increases are said to be 3 percent for the first year and 4 percent for the next two years.

Meanwhile, the union and transit workers face heavy fines for their three-day walkout. The union could pay up to $1 million for each day of the strike. Workers could be fined a total of six days pay for walking off the job.

Related Stories:Transit workers put down picket signs and head back to work Transit union accepts deal to end strike: Latest news and commuter information for BX

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