September 11, 2009: YRC is saving $40 million per month by not paying into any Teamster pension fund on its 35,000 Teamster employees. This concession is aimed at keeping YRC afloat, and its hard-working drivers, dockhands, mechanics and office workers on the job.
Pension and Benefits
TDU in Action—Pension and Benefits
“TDU will support any fight launched by the International Union to defend our benefits. And we will continue to inform members so we can put pressure on the employers and on Hoffa, when necessary, to save and strengthen our benefits.”
K.W. Phillips, Roadway
Local 667, Memphis, Tenn.
Pension Workshops: Our Rights, the Benefit Cuts and How We Can Beat Them
TDU brings together concerned Teamsters and pension experts to share information and build a movement to restore our benefits and strengthen them for the future.
Pension and Benefits Newswire
September 11, 2009: A review of the second quarter Financial and Analytical Report of the Central States Pension Fund shows that assets are up, but its problems continue.
September 11, 2009: Baltimore pension trustees have made drastic cuts to early retirement benefits for freight and carhaul Teamsters.
August 24, 2009: A review of the second quarter Financial and Analytical Report of the Central States Pension Fund shows that its assets are up, but that the Fund has lost 105,000 participants since Hoffa took office.
August 3, 2009: Employer demands for pay cuts and for employees to pay part of health premiums are pretty common these days, but we don’t expect them from the top officers of our union.
July 30, 2009: Employer demands for pay cuts and for employees to pay part of health premiums are pretty common these days, but we don’t expect them from the top officers of our union.
July 29, 2009: The proposed temporary withdrawal by YRC from all Teamster pension funds could have a serious impact on some Teamsters in the West.
July 24, 2009: ANAHEIM, Calif.—Most employers' defined benefit pension plans are in trouble and need government help, C. Thomas Keegel, general secretary-treasurer of the International Brotherhood of Teamsters said July 22.
July 21, 2009: Thousands of Teamsters are laid off or working less than full time. Now some 50,000 working and laid-off Teamsters at YRC are voting on an economic relief deal that would take them out of the Teamster pension plans for the next 18 months.
July 6, 2009: YRC Worldwide Inc. is set to resume face-to-face negotiations with its union on Wednesday as the two seek a way to help YRC maintain sufficient cash to continue operating.