America's pension crisis is real — but not as bad as some companies want workers to believe.
Employer contributions to defined benefit plans — the Cadillac of retirement packages once common among workers — are at the center of two labor strikes playing out in New York right now.
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My friend Herman Benson died yesterday, just shy of his 105th birthday. He was an inspiration, a leader, and sometimes a critic for so many of us working to put the membership front-and-center in the Teamsters and in the whole labor movement.
The US Treasury will loan YRCW $700 million under authorization from the CARES Act. $350 million will be used to make H&W and pension benefit payments, and the other $350 million will go to investment in tractors and trailers.
