Members of the Writers Guild of America voted to approve a new three-year contract that provides increases in contributions to the guild’s pension plan and higher residual payments in pay TV, reports the Los Angeles Times’ Company Town blog.

The contract covers about 10,500 members and takes effect on May 2, the story says. The deal also provides for an increase in minimum pay levels.

"Valuable advances have been made in our pension plan and in other areas important to writers. Nonetheless, we recognize that more work needs to be done," WGA Presidents John Wells and Michael Winship said in a statement.