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.

Get Advice Join TDU Donate

Recent News

Teamsters Hit Sysco with Coordinated Strike Action

Sysco operations across Indiana and Kentucky have ground to a halt after Teamster members walked out last night in Unfair Labor Practice strikes. The strike is the latest example of coordinated Teamster action at Sysco that is increasing members’ bargaining leverage.

Watch the Video! UPS Teamsters: Get Ready for April Kickoff Actions

Check out the recording of our UPS Teamsters United webinar, Get Ready for April Kickoff Actions! Contract negotiations begin on April 17, and our union is kicking them off with rallies, parking lot meetings, and contract actions across the country. More than 1,300 UPS Teamsters joined our call to hear from guest speaker Sean O'Brien and make plans to hold kickoff actions in April. Get involved here.

View More News Posts