January 22, 2008: As of January 1, Teamsters in pension plans have new, expanded rights to obtain information from their pension fund. The Pension Protection Act requires that participants have the right to obtain any periodic actuary report, any quarterly, semi-annual or annual financial report, and other documents. Teamsters for a Democratic Union and the Pension Rights Center led the lobbying effort that won members these rights. These rights apply to both active and retired...

January 10, 2008: The Director of the Central States Pension Fund, Thomas Nyhan, told over 100 local union officers in December that he did not want UPS to split off from the Fund, but could not stop it because the International Union and management cut the deal. “We didn’t want to lose our biggest contributor,” Nyhan stated. Nyhan also stated that Because of the UPS pullout, the ratio of retirees to active workers will eventually...

December 26, 2007: The trucking industry association is bragging about new concessions in the tentative deal at Yellow/Roadway. The proposed deal would give YRC more “flexibility,” according to Transport Topics, a publication of the American Trucking Associations. The magazine also reports that ABF will soon release a proposal to withdraw from all Teamster multi-employer pension plans. “The second act of the LTL talks could offer more fireworks,” according to the magazine. Click here to read...