Freight Teamsters and the Pension Divide

July 1, 2010: The biggest factor at the present time in the pension divide is the threat to the pensions earned by Teamsters at YRC—our union’s largest employer of freight Teamsters, and the largest contributor to the Central States Fund.

YRC Teamsters have not had pension contributions paid for the past year, due to concessions made in 2009 to help save the company. The wage cut continues until the end of the contract, but the pension contributions snap back to full rate at the end of 2010, according to the concession deal.

YRC and the International Union leadership are discussing a possible successor concession agreement, in which YRC would make pension contributions far less than the $8 per hour that will be approximate full rate after August 1.

A deal like that may be possible, but raises lots of questions. What will it mean for YRC Teamsters’ pensions? Will it lead to concession demands by ABF and hundreds of other contributing employers? How will YRC Teamsters ever get to full union scale?

The root of the problem goes back to the failure of our union leadership to organize in freight and trucking, and to bring UPS Freight into Teamster benefit plans.


Be the first to comment

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

Recent News

Why a No Vote Does Not Mean a UPS Strike

The International Union is trying to scare UPSers into accepting contract givebacks by sending out a new postcard that threatens members with the possibility a strike at UPS. A No Vote does not mean a strike at UPS. Here’s why.

UPS & UPS Freight Deals Increase Subcontracting

One of the biggest lies in Hoffa’s Vote Yes campaign is that the UPS and UPSF contracts represent a victory over subcontracting. That’s a joke.

View More News Posts