July 6, 2009: More than two-thirds (68 percent) of calendar year multiemployer plans with funding problems severe enough to warrant their being in critical status—
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
July 6, 2009: The IBT and YRC will continue talks on Wednesday, July 8, when they consider a proposal to temporarily terminate YRC participation in Teamster pension plans for about 14 months.
June 22, 2009: The International Union is in talks with YRC with a proposal to defer employer pension contributions for 14 months. The aim is to help restore the company’s profitability.
June 22, 2009: YRC Worldwide Inc. may get more leeway from its major union, which would provide more operating cash.
June 19, 2009: Hundreds of freight Teamsters have contacted TDU during the YRC concession crisis.
June 18, 2009. The International Union is proposing that the national contract with YRC be amended to defer pension contributions for some 14 months, which would allow nearly $500 million in savings to the carrier.
June 18, 2009: CEO Zollars said of the U.S. economy that "it looks like things have stabilized," but added that a return to growth was not likely this year.
June 12, 2009: The International Union has called national meetings for June 17-18 to discuss further concessions to YRC.
June 8, 2009: YRC has been terminated from participation in the Teamster pension fund in the West, effective June 10. At the same time, the Hoffa administration is planning to re-open the national contract.
May 22, 2009: YRCW plans to put up real estate instead of pension contributions.
There’s no deal yet.