April 15, 2009: YRCW has issued a corrected memo backing off their claim that our union has agreed to a plan that would use real estate as collateral to Teamster pension funds to defer making pension contributions. In related news, the Central States Pension and Health & Welfare Funds' director, Thomas Nyhan, reports that they are negotiating with YRC over pension deferral, but have demanded immediate payment of past-due health and welfare payments. YRC management...

April 10, 2009: The 2008 Financial and Analytical Report on the Central States Pension Fund was finally issued in late March, and it’s not pretty. There are no big surprises, but it reveals that the Fund will ask the IRS for a waiver because it cannot meet its funding target for this year. The report, which was expected on February 1 but was not issued until late March, is available to members only through Teamsters...

April 10, 2009: YRCW has contacted some Teamster pension funds asking to defer for several months the company’s payment of pension contributions for Teamsters. This is according to IBT Freight Director Tyson Johnson, who says any deal like that must be negotiated with him. The only good news here is that Teamster can rest assured it will not affect your pension credits. Thanks to court cases our members won years ago, all Teamster pension funds...