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ABF CEO Calls for Quitting Teamster Pension Plans

May 11, 2007: “We believe there is an opportunity in this negotiating cycle to withdraw from some or all of these [Teamster pension plans] and provide benefits directly to our employees, and we’re prepared to negotiate that with the Teamsters in the coming negotiations.” “We view the multiemployer [Teamster pension] withdrawal opportunity to be the most significant thing facing us.” -- Robert Davidson, CEO of ABF, Interviewed on May 8, 2007 by transportation stock analysts...

Traffic World: ABF Wants Out of Pension Funds

May 11, 2007: by John Gallagher in Traffic World Online --Arkansas Best Corp. President and Chief Executive Officer Robert Davidson said he's willing to take the financial hit necessary to negotiate with labor an end to its multiemployer pension fund contributions. "We can provide the same benefits that we're providing now directly to our employees at significantly less cost than we're now paying," Davidson told Wall Street analysts at a conference sponsored by Bear Stearns...

Will Hoffa Let UPS Split Up the Central States Pension Fund?

May 9, 2007: Management has put a proposal on the table to pull UPS Teamsters out of the Central States Pension Plan – the plan that covers 42,000 full-timers in 25 states. UPS wants to create new pension plan to be run jointly by trustees from UPS and the Teamsters—similar to the Local 804 plan where the company recently forced through a 30 percent pension cut over the opposition of Teamster trustees. Management knows what...

Will We Make UPS Deliver Pension Improvements?

May 9, 2007: Ken Hall has promised that the UPS contract will improve pensions and send a message to all employers that our union won’t stand for pension and benefit cuts. “Pensions are the number one issue for our members. We’re going to focus on improving their pension. Because after all, it’s the members that drive these negotiations, it’s their issues and that’s what we’re going to be guided by.” - Ken Hall, IBT Parcel...

Central States: Restoring Early Retirement

May 9, 2007: Teamsters in the Central States were told that the 2002 “Best Contract Ever” would protect our benefits for the life of the contract. Instead that agreement gutted early retirement in the Central States by slashing the pension accrual rate in half and raising the cost of retiree healthcare to as high as $1,200 a month. If we’re going to give UPS an early deal, we need to restore benefits that we’ve lost....
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Recent News

UPS Contract is In Effect—Now What?

The new UPS contract is now in effect for five years. This whole ugly process has exposed the need for new leadership and a new direction in our International Union.

Detroit Votes Yes – UPS National Contract is Settled

The final vote on the UPS national contract was held today, and the Metro Detroit Rider was ratified by an unofficial vote of 295-121. The International Union has declared the contract in effect, and says that UPS "will attempt to implement required raises during the next weekly pay period."

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