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.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Five Things the IBT Can Do to Fix the UPS Contract Disaster

Denis Taylor has repeatedly promised local unions and members that he will return to the bargaining table with UPS. But no date has been set. Here are 5 things the IBT can do fix the disaster at UPS. They will only happen if UPSers keep the pressure on.

Put Our Issues on the Table at UPS

Despite declaring the contract ratified, Denis Taylor says he will “return to the bargaining table to address a number of member concerns with the National Master UPS Agreement.” When bargaining resumes, UPSers expect our issues to be addressed.

View More News Posts