The new Equity- LORT contract, which generates more than 8,200 individual employment contracts each year and is one of Equity's most important bargaining agreements, reflects significant gains for the Union's members. For the first time, LORT will now pay health contribution rates in the same range as other major agreements. This is another important step as Equity continues to seek increases in health care contributions to further stabilize its health fund. In the area of Developing Works, first time language was included in the contract that allows theaters to develop new works while giving the Actor the opportunity to continue with the project throughout its many phases.
The agreement will feature a number of hightlights. The new contract successfully raises the health contribution rate 33% in all categories the first year and 46% over the term of the agreement. Over the three years of the Agreement, Equity achieved increased wages, compounded, in all categories of theaters: 5.06% for Actors and Stage Managers in "A" and "B+" theatres; 4.04% in "B" and "C" theatres; and 2.52% in "D" theatres. Theatre categories are determined by box office income over three years and generally speak to the size of the theatre. Wages for three of the Tony eligible LORT theatres (Lincoln Center- Vivian Beaumont, and Roundabout Theater – American Airlines and Studio 54) and the Center Theatre Group reflect an 8.2% increase over three years. An increase of 15.32% at Manhattan Theatre Club – Biltmore was also negotiated. These salaries continue to track Production Contract minimums and will be at 80% of Production by the third year of the contract. >Videos