NY Phil, Musicians Agree On Five-Year Contract

“The New York Philharmonic and the union representing its 106 musicians agreed today to a new five- year contract that will boost salaries and pension payments. Players’ minimum pay for the current season will rise 4.6 percent to $118,560 from $113,360, the orchestra said today in a statement. By the 2011-12 season, minimum annual salaries will increase to $140,400.”