YRCW Pensions Frozen in Central Pennsylvania

May 22, 2009: “This [real estate in lieu of pension payments] approach would have no effect on pension benefits for employees.” — Bill Zollars, April 14, 2009

“This means that, for YRCW participants, pension benefits will not increase as a result of service during the Freeze Period.” — Central Pennsylvania Pension Fund, May 14, 2009

The Central Pennsylvania Pension Fund has frozen pension accruals for all YRCW Teamsters from June 1 through the end of 2009. This means they will get no credit for their service in that period. But, if the payments are later made, pension credits will be retroactively awarded to all affected Teamsters.

This amendment to the pension plan will not affect pension credits already earned, or eligibility for benefits.

It is not known at this point if other funds will follow this lead.


Be the first to comment

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

Recent News

Central States Pension Fund: $12.7 Billion in Asset

The third quarter financial and analytical report shows that the Central States Pension Fund is down to $12.7 billion in assets, a drop of $460 million since the beginning of 2019.

Building for the Future: New TDU Dues Rates

TDU is on a drive to increase our membership and our war chest. At our recent Convention, members voted to increase TDU membership dues for the first time in 17 years.

View More News Posts