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Report: Deal-Breaking MTA Demand Would Have Saved Only $20 Million

HeadlineDec 21, 2005

Meanwhile, the New York Times is reporting new details of the last-minute negotiations that broke down early Tuesday morning: Minutes before Monday night’s 12:01 am strike deadline, the authority put forward a demand that new transit workers contribute 6 percent toward their pensions, up from the current 2 percent. The Times says that demand would have saved the city less than $20 million dollars over the next three years — a sum less than what the New York Police Department will spend on extra overtime during the first two days of the strike.

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