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.


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