TELEPHONY NEWS
Title of Announcement
CenturyTel
Contract Bargaining will start September 17 - see Tim Davis for your cap
SOME PENSION FUNDS DRAINED IN ORDER TO FUND EXECUTIVES' BENEFITS
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An examination by The Wall Street Journal finds that a range of
companies have been quietly converting their pension plans into
resources to finance their executives' retirement benefits and
pay. By moving some of the obligations for supplemental pensions
into rank-and-file pension plans, companies capture tax breaks
intended for pensions of regular workers and use them to pay for
executives' supplemental benefits and compensation. Companies
using this tactic have included Intel Corp. and CenturyTel Inc.
In addition to being a dubious use of tax law, the practice
risks harming regular workers: It can drain assets from pension
plans and make them more likely to fail. Ultimately, taxpayers
are helping finance executive compensations while companies grow
richer. With the current bear market in stocks weakening many
pension plans, the maneuver could put more plans in jeopardy.
 | November 19, 2008 -- CenturyTel Declares Quarterly Cash Dividend November 14, 2008 -- Telecom Warily Waits on 'Wired' President November 4, 2008 -- FCC Chief Pulls Plan to Rework Phone Fees October 27, 2008 -- CenturyTel shareholders will benefit from Embarq deal August 25, 2008 -- CenturyTel Declares Quarterly Cash Dividend July 31, 2008 -- CenturyTel Reports Second Quarter 2008 Earnings July 31, 2008 -- CenturyTel posts lower 2Q profit June 30, 2008 -- On the Line: CenturyTel CEO Glen Post Century Tel Century Tel - Tim Davis has notified us that he no longer wants to sit on the e-board. That leaves an opening for your bargaining unit. If anyone is interested call me at the local.Tim will remain as Steward and bargaining team member
Cingular now moved to AT&T page TeknonFrom the desk of Sean Morrow
Teknon - Penny has a copy of the contracts, if you have not
received one please call her. Teknon Contract Ratified by Members of Local 7818 Submitted by Rick Sorensen On June 11, 2007, Teknon Members of Local 7818 voted to ratify their contract with the following improvements: The contract will be four years going back to March of 2006 and ending in 2010. Year 2006 produced a pay increase of 2% 2007 produced a pay increase of 3% and per diem increase to $40.00 a day and improvements in out of town allowance, along with increase of night differential pay. 2008 pay increase of 4% and a 4% increase for 2009. The Bargaining Unit members included Penny Tingstad and Edin Mutapcic.
Bargaining Unit Members opeiu3, afl-cio
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