This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SCI Illinois Services, Inc. Provides Contract Offer To Teamsters Local 727 Employees

GLENDALE HEIGHTS, Ill., July 1, 2013 /PRNewswire/ -- After negotiating in good faith with Teamsters Local 727 through multiple bargaining sessions during the month of June, SCI Illinois Services, Inc. provided the union with its "last, best and final" offer on Sunday, June 30. The Teamster-member funeral directors and chauffeurs are scheduled to vote on the proposed contract during the evening of July 1, 2013.

Wage Increases "We have offered a generous and fair contract, which includes a significant wage increase, to our funeral directors and drivers," said Larry Michael, managing director for SCI Illinois Services, Inc.

The final offer includes wage increases of 6 percent in the first year and an additional 3 percent in the second year of the contract, as well as a 2 percent increase in starting pay for all new hires. For funeral directors in this group, who, on average, make more than $80,000 per year prior to overtime and other compensation, this amounts to an average $4,800 increase in the first year and an additional $2,544 the second year.

Healthcare Options The company's proposal asks that employees begin to contribute to their own healthcare costs. Employee contributions will only occur if the Teamsters' Fund increases its monthly premiums after March 1, 2014. Even then, contributions are capped at $50 per month in 2014.

"Unlike most Americans, this group of employees has never had to contribute anything to the cost of their own healthcare," said Michael. "Asking employees to contribute at least something toward those costs has become commonplace in this country. The wage increases being offered far exceed the amount of any potential co-pay."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs