PHILADELPHIA (WTXF) - Members of Transport Workers Union (TWU) Local 234 voted overwhelmingly to ratify a new five-year labor agreement with SEPTA today.
READ MORE: SEPTA strike ends
Voting took place throughout the day, by secret ballot, at worksites and bus depots across the city.
The new contract includes a better pension formula that ensures parity for workers based on their years of service with the company. Pension increases range from 12.8 percent for workers with 30 years of service to 15.2 percent for those with 38 years of service. Monthly pension benefits will increase in each year of the contract.
“This is a big win for our members and for SEPTA passengers,” said TWU Local 234 President Willie Brown. “We achieved good wage increases and a huge improvement in our pension benefits, which was our members’ main goal. Local 234 members can now enjoy five years of security and stability, while serving the riding public.”
The SEPTA Board Chairman or Vice Chairman, who the Board on Thursday authorized to finalize the agreement upon ratification, will now approve the contract.