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Benefits December 6, 2009
Sarasota Orchestra Contract Includes 403(b) Plan Offering
December 7, 2009 (PLANSPONSOR.com) - Sarasota (Florida) Orchestra musicians have voted to ratify a two-year contract with orchestra management, which includes a 403(b) plan option.
Reported by PLANSPONSOR staff
The Sarasota Herald-Tribune reports that under the new contract, which is retroactive to September 1, the orchestra will contribute 2% of musicians’ pay to the musicians’ pension fund and offer the option of a 403(b) retirement plan. The 41 full-time musicians will take a 2.5% pay cut this year.
Part-time musicians, called “per service”
players, will receive a 3% raise and additional benefits, including paid sick
days.
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