Wednesday, December 28, 2005

More You Won't Catch on Fox

The NY Times reports that some sweeteners were added to the transit contract, and I've received further detail about them from my sources, which pride themselves on being at least as disreputable as mainstream media.

1. TWU workers will now have lifetime health care. While they will pay back 1.5% of their salaries to cover it, they will now be able to retire at 55 without waiting till Medicare eligibility kicks in, a significant improvement.

2. Tier 3 and 4 members had to contribute 5.3% for several years toward reducing the retirement age to 55. This was later reduced to 2%. I'm told many TWU members will now receive refunds between 8-20K.
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