Think of what a liberal arts social science or humanities college graduate receives as a salary. Not $86,000 a year. Not after 10 year, or 20 years. Now read this.
This lady drives a bus in Chicago for the Chicago Transit Authority (CTA). She has put in a lot of overtime.
“Some people at CTA are picky about the type of work they do and the hours they work,” said Hubbard, a rail service supervisor. “Not me. Overtime is something I sought, and I took any piece of work available.”
It paid off — and will keep paying off for Hubbard into the future. Not only did she receive more than $436,000 in overtime pay since 2005, but her pension checks will balloon by more than $46,000 each year because of a unique perk long ago negotiated into CTA contracts.
Long hours will pay off for her, at least until the city declares bankruptcy.
Hubbard’s $66,231 annual base salary was supplemented by $84,566 in overtime pay in 2010, according to CTA payroll records obtained by the Tribune through the Freedom of Information Act. Those were the biggest contributors to paychecks totaling $153,280 and made Hubbard the top wage-earner for the year among unionized CTA employees, the records show.
Hubbard, a 26-year CTA employee, stands to receive an annual pension of $87,310 instead of a pension totaling $40,459 resulting solely from her base salary, CTA records show.
When skilled workers get paid $60,000 a year to work 40 hours a week, while a retired bus driver gets $87,000 a year to do nothing, you know there is something wrong with the system.
This cannot go on. It won’t go on. When it ends, there will be some disappointed people. Not taxpayers, however.