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Contract service isn't really my area, I'll admit, so I'm mostly going off what I hear from people I know.
But from what I can gather from conversations, a lot has changed in recent years when it comes to contract soldiers' conditions - salaries are going up, new benefits and insurance packages are showing up, though people say the procedures have gotten more complicated.
If you need accurate information, it's better to check the official websites or ask people who are actually serving on contract right now.
What specific aspect interests you - salary, benefits, termination conditions? The thing is, I'm kind of a dilettante when it comes to contract service, but from the news I remember they increased social benefits packages, changed the procedure for renewing contracts, and added some guarantees for when you're let go. If you're planning to sign a contract, I'd suggest first checking the official text on the agency's website and consulting with someone who recently signed one - conditions change often, and what was true a year ago might be outdated now.
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