June 18, 2007: By John Gallagher, for Traffic World - Pension benefits are in play as never before in the current round of negotiations between UPS and the International Brotherhood of Teamsters, and the future of LTL giants YRC Worldwide and Arkansas Best - as well as UPS's own freight division - may hang in the balance. When the $48 billion parcel giant inked its last deal for 230,000 union drivers in 2002, it had...

June 8, 2007: UPS management has been trying to win control over our pensions for years. After Teamsters defeated UPS’s pension grab in 1997 and won major improvements in our benefits, it looked like management’s dreams were finished. Then the 2002 “Best Contract Ever” and the pension cuts of 2003 breathed new life into management’s old ambitions to get control over our pensions. UPS Teamsters are angry over the cuts and they’re looking for answers....

“That fund is not 100 percent funded. When that fund gets to 100 percent based on their rules, they’ll do the right thing.” Tom Keegel, IBT Candidates Forum, Aug. 25, 2007 “The Plan’s vested benefit liabilities are 100 percent funded.” Memorandum to Local Union Officers from Western Conference of Teamsters Pension Trust August, 2007 More than nine months ago, the Hoffa administration promised Teamsters that the Western Conference of Teamsters Pension Trust would end the...