Conway Won’t Pay $319 Million Pension Liability

September 19, 2008: When Consolidated Freightways closed its doors in 2002, the company owed over $400 million in withdrawal liability to Teamster pension funds. CF’s nonunion parent company Conway never paid a dime of that money.

Now Conway has filed a federal lawsuit against the Central States Pension Fund demanding a judgment that it does not owe Central States—or any Teamster fund—any withdrawal liability.

They claim that since Conway spun off CF long before CF went bankrupt, they have no liability. The Central States Fund says that Conway owes $319 million.

Conway brought in $4.39 billion in revenues in 2007.

Get Advice Join TDU Donate

Recent News

Teamster Leadership to Rule On Rome Aloise Corruption Case

The Teamsters General Executive Board (GEB) is set to vote tomorrow, October 1, on the punishment International Union VP Rome Aloise will face for his corruption violations.

THE TANGLED WEB

Steve Vairma was handpicked by Jim Hoffa and Rome Aloise to run for General President. Yet, Vairma and his slate have spent the last six months trying to distance themselves from Hoffa and his failed policies.

View More News Posts