NYC APARTMENT BUILDING WORKERS Ratify NEW CONTRACT WITH WAGE HIKES, FAMILY HEALTH CARE

New York, NY – May 21, 2010 – (RealEstateRama) — New York City apartment building workers ratified a four-year agreement Friday that provides nearly 10% in wage increases, maintains fully employer-paid family health care coverage and keeps pension benefits secure. The new $8.1 billion contract with the Realty Advisory Board (RAB) covers 30,000 doormen, superintendents, resident managers, porters, handymen and concierges at over 3,200 New York City buildings.