Musicians, meanwhile, agreed to take on a larger share of health care costs, with their contribution rising from 1 percent to 7 percent over the next five years.

"This agreement reflects a collaborative effort that furthers our artistic goals while maintaining our fiscal stability during these challenging times for arts organizations nationwide," said orchestra president Katherine E. Akos. "It represents a unified vision between the administration and the musicians as we look to the future."

According to the Fort Worth Star-Telegram, musicians voted down an offer from management in September.