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YRC, Teamsters lobbying for pension rule changes

February 17, 2010
February 17, 2010: As part of its drastic cost cuts in 2009, YRC Worldwide reached an agreement that allowed it to suspend monthly payments into its union pension plans. The next step is an effort to get Congress to address YRC’s problems with ballooning pension costs. Click here to read more at The Kansas City Star.

BNA Daily Labor Report: Court Says UPS Violated Plan by Cutting Retiree Benefits

February 15, 2010
February 15, 2010: United Parcel Service of America Inc. violated the terms of a summary plan description when it imposed increased health care premiums on retirees who were represented by Teamsters Local 705 while not imposing the same increases on retirees of the Teamsters international union, the U.S. Court of Appeals for the Seventh Circuit ruled Feb. 10 (Green v. UPS Health and Welfare Package for Retired Employees, 7th Cir., No. 09-2445, 2/10/10). Affirming a...

Don't Let Congress Make Cuts to Social Security

January 19, 2010
January 19, 2010: A proposal in Congress would allow the creation of a commission that could sidestep the legislative process and make cuts to Social Security, Medicare, Medicaid, and other programs. Tomorrow - Wednesday, January 20th - the Senate will hear and vote on the Bipartisan Task Force for Responsible Fiscal Action Act of 2009 (S. 2853). This bill would create a closed-door commission that would have the authority to fast-track significant changes to some...

Confusion Under the IBT-UPS Pension Plan

December 22, 2009
December 22, 2009: UPS Teamsters in the former Central States have more questions than answers about the new UPS pension plan. UPS Teamsters in the Central and Southern Regions and the Carolinas have more questions than answers about the new UPS pension plan they were moved into on January 1, 2008. With 44,000 active participants, you might think UPS could put up a website to help spread information, but they have not. Issues that were...

Warning: This Could Affect Your Pension

December 07, 2009
December 7, 2009: A new pension bill is working its way through Congress which could provide some needed relief to Teamster pension funds, but there are possibilities of changes that could cut some Teamster pensions. The time for Teamsters to get informed is now, because this bill could soon be on a fast-track to become law. It is HR 3936 in the House, sponsored by Earl Pomeroy (D-ND) and Pat Tiberi (R-OH). Hearings on similar...
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