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UPS nears agreement with drivers, handlers |
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BY FRANCINE KNOWLES Staff Reporter United Parcel Service reached a tentative agreement with Chicago-based Teamsters Local 705 on a new contract covering roughly 11,000 drivers, package handlers and other part-time and full-time workers just hours ahead of a strike deadline, the parties said Thursday. Workers' hourly pay currently ranges between roughly $8.50 and $28. That would rise $4 over the life of the five-year contract, Local 705 Secretary-Treasurer Steve Pocztowski said. The deal also includes improved pension benefits, an extra week of vacation plus an extra day off, he said. |
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CTA gets OK for bond issue |
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July 18 by Jon Hilkevitch
A state review gave the Chicago Transit Authority the go-ahead Thursday to issue bonds to provide funding for the CTA employee retirement and retiree health-care plans.
The action follows legislative approval in January of a sales tax increase to fund operations at Chicago-area transit agencies and allow the CTA to issue about $2 billion in bonds to rescue its troubled pension and retiree health-care trust.
The report issued Thursday by Illinois Auditor General William Holland found that the CTA and the boards for the agency's pension and retiree health care plans provided the required reports for review. The report did not constitute an audit, Holland said.
It provides approval for the CTA to issue bonds starting within 120 days as a solution to its under-funded retirement and retiree health-care systems.
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Return of the My Bad Boss contest |
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From today until Aug. 19, we're asking working people to expose the truth about their bad bosses. It's not just a chance to vent—you also could win one of two grand prizes if your story is rated the worst bad boss experience in the country.
Click here to tell us your bad boss story right now.
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