A new contract grants unionized employees of New York City's Metropolitan Transit Authority retroactive 1% raises for each of the past two years, which means most will receive one-time payments between $3,000 and $5,000.
In addition, they’ll get 1% raises this year and 2% in both 2015 and 2016.
The 34,000 bus and subway workers will also see larger employer’s contributions for their health and dental insurance.
The MTA board is expected to ratify the pact, but had long resisted any raises. MTA officials started the negotiations by asking for a three-year wage freeze or work rules that would have limited raises. That train, however, never left the station and the board eventually agreed to the raises.
By the time the deal expires on Jan. 16, 2016, nearly all bus drivers will make the top rate of $67,444 a year and train operators will top out at $71,765 annually, before overtime.
Under the deal, new hires will have to wait longer than current employees to reach the top of their pay ranges.