YRC Pension Deal Heading for Membership Vote

July 10, 2009: The tentative agreement between the International Union and YRC will soon be in the hands of some 45,000 working and laid-off YRC Teamsters.

Details on the proposed agreement will be available after the July 14 meeting of local union officials in Chicago.

The main element of the proposed agreement is a temporary withdrawal of YRC from the various Teamster pension plans, which would save the company some $40 million per month.

Teamsters for a Democratic Union will make the proposal available to members as soon as possible. TDU will also ensure that members can serve as independent vote monitors for the counting of the ballots, which are expected to go into the mail later this month.

Read an early report on the agreement from the BNA Daily Labor Report.

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