The negotiations were completed in 35 days, nine months before the current contract expires.
The new contract includes pay and pension increases. The base pay of orchestra members for the 2006-07 season is currently $1,525 per week; this will increase to $1,555 per week in 2007-08; $1,585 per week in 2008-09; $1,635 per week in 2009-10 and $1,700 per week in 2010-2011.
The pension rate for the 2006-07 season is 5.5%. Orchestra members will also accrue pension benefits under the American Federation of Musicians' pension plan at the rate of 5.5% of base pay for the 2007-08 season; 5.75% for 2008-09; 6% for 2009-10 and 6.25% for 2010-11.
Daniel Laufer, president of the ASO Players Association and ASO associate principal cello, said, "The musicians of the ASO continue to present exceptional concerts to our public in Atlanta, around Georgia, and at prestigious music venues across the country. This new agreement demonstrates the continuing commitment of the musicians by taking into account current financial realities facing the arts in America. We all look forward to the continued growth of the ASO which includes the much needed, and long awaited Symphony Center."
ASO Board Chair Margaret C. Reiser said, "The ladies and gentlemen of the Atlanta Symphony Orchestra continue to be a prevailing example in finding solutions that benefit Atlanta and its vibrant music scene. This spirit of teamwork is the essential bedrock for our industry's future."