OTB workers to get large separation raises in tip deal

ALBANY - The broke New York City Off-Track Betting Corp. betrothed separation packages and compensate raises to employees - even as it asks for a bailout.The citys OTB and the vital union, District Council 37, not long ago done a tip understanding earnest large buyouts and compensate hikes of as most as 20%.In exchange, the kinship conceded to vital pursuit reductions and an finish to overtime, a duplicate of the understanding shows.The agreement threatens to shoot an OTB bailout plan being beaten out by Gov. Paterson and lawmakers that would condense the organizations compulsory payouts to the states racing industry."We cant means it," pronounced Assembly Racing and Wagering Committee Chairman Gary Pretlow (D-Westchester).OTB officials contend the concessions would some-more than compensate for the one more payouts to employees.Under the deal, the 995 kinship employees would be slashed to no fewer than 412.Full-time employees would be on trial $15,000 separation packages for willingly leaving.Employees who sojourn on the pursuit would be in line for 8% raises.Many would embrace one more hikes of up to 12% for operative Sundays but overtime.The agreement is fortuitous on the state bailout, and on lawmakers giving the thumbs up on OTBs plan to steal up to $250 million.Pretlow pronounced the new borrowing wouldnt be in any last agreement in between the administrator and Legislature.Its misleading either the kinship would determine to the concessions but the one more borrowing.Lawmakers were close to a last bailout agreement going in to yesterday, but a understanding still valid elusive.The horizon being discussed, initial reported last week by the Daily News, would cut OTB jobs over dual years, condense government and expert costs by $5 million and revoke OTB payments to the racing industry by 15%.It additionally would embody a $17 million loan to assistance the struggling New York Racing Association encounter the money final this spring, a source said.The Paterson administration department hopes a check is ready someday today.If no understanding is reached, OTB could close by finish of commercial operation Sunday.klovett@nydailynews.com
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