Central States Issues FAQs on YRC Pensions

The Central States Pension Fund has issued a fact sheet regarding the Yellow companies and the pension. 

YRC_Handout_FAQ_on_ARPA-1_thumb.jpg
The memo explains the impact of the Butch Lewis pension provisions of the American Rescue Plan Act. The recent pension legislation does not eliminate the March 2011 YRC benefit modifications that resulted from the concessionary YRC Restructuring Plan.
YRC and Holland Teamsters do benefit from the Act saving Central States from bankruptcy; Central States would go bankrupt in 2025 without the Butch Lewis Act. Yellow Teamsters are still under the "Distressed Employer Schedule" which currently has annual accruals of $55 per year worked. Benefits can only be improved through bargaining changes in the contract, which expires in 2023. 
Get Advice Join TDU Donate

Recent News

Register for the Online Workshop- Dealing with Difficult Supervisors

Learn effective strategies for dealing with difficult supervisors on the shop floor, in the office, and in a grievance hearing in this online workshop, Sunday, February 19.

The workshop is free; pre-registration required. Register here.

Zoom Event: Join the Contract Unity Pledge Drive

The International Union is launching a Contract Unity Pledge drive in February to build the contract campaign at UPS. Join a Zoom Event sponsored by UPS Teamsters United to talk about how you can get involved, unite members, and build our union’s bargaining leverage. Don’t miss the Zoom Event on Sunday, February 5th at noon EST / 11 AM CST / 10 AM MST / 9 AM PST. Click here to register.

View More News Posts