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As part of this agreement, the PBA will sign onto the 2018 MLC Health Savings Agreement. As a result, the PBA Health & Welfare Funds will receive two lump sum payments of $100 per member to both the active and retired funds, a total benefit of more than $9.7 million. Additionally, the Health & Welfare escalators that the PBA secured in the 2006-2010 bargaining round will produce a more than $15 million increase in the City’s annual contribution to the Funds immediately upon ratification, and a more than $22 million annual increase by the contract’s end.
