Milwaukee Journal Sentinel: Teamsters Chilly Toward 401(k) Plan

September 12, 2008: The leaders of Teamsters Local 200 said Thursday that they have made no decision yet on whether to take Waste Management Inc.’s “last, best and final offer” to union membership for a vote.

Speaking out in detail for the first time since the strike of union trash haulers began Aug. 26, union leaders said they learned only late in the negotiating process of Waste Management’s proposal to drop the Central States Pension Fund in favor of a 401(k) plan. Under Central States, the employees have a defined-benefit pension.

Click here to read more at the Milwaukee Journal Sentinel.

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