September 17, 2012: UPS Teamsters in New England have voted by a large margin to approve a pension change favored by the company and the pension fund. Voting took place at regional meetings, not by mail, so an estimated 15-20% of the 10,200 participants voted. The proposal is to move all UPS Teamsters in the six New England states to a new plan which will still be within the New England Teamsters Pension Fund, but...

September 7, 2012: Over 10,000 UPS Teamsters in New England are set to vote on a massive change in the structure of their pension plan. The proposal is to move all UPS Teamsters in the six New England states to a new plan which will still be within the New England Teamsters Pension Fund, but under very different terms. Under this proposal, UPS will be given a $2.40 per hour reduction in its contributions to...

Barry B. Burr Pensions & Investments 27, 2012 View the original piece United Parcel Service Inc., Atlanta, expects to pay $1.2 billion in withdrawal liability from the $2.6 billion New England Teamsters & Trucking Industry Pension Fund, according to a UPS statement. UPS and pension fund officials also agreed to create a new structure for future benefit accruals for the multiemployer pension fund in which all employers will be liable for only their own employees'...