May 22, 2009: “This [real estate in lieu of pension payments] approach would have no effect on pension benefits for employees.” — Bill Zollars, April 14, 2009 “This means that, for YRCW participants, pension benefits will not increase as a result of service during the Freeze Period.” — Central Pennsylvania Pension Fund, May 14, 2009 The Central Pennsylvania Pension Fund has frozen pension accruals for all YRCW Teamsters from June 1 through the end of...

May 22, 2009: Harrisburg Local 776 has called for the International Union to enforce the national freight contract regarding pensions for YRC Teamsters. The Central Pennsylvania fund has amended its plan to freeze pension accruals for YRC Teamsters from June 1 till the end of 2009; Local 776 is acting to protect the pensions of its members. In a May 20 letter, Local 776 President Dan Virtue requested that General President Hoffa “do whatever is...

May 15, 2009: YRC announced they will apply for federal bailout money, possibly as soon as today, citing their pension costs as a factor. YRC may have a difficult task, because TARP (Troubled Asset Relief Program) funds have only gone to the big auto companies, aside from banks and financial institutions. But YRC may have a back-up plan. CEO Bill Zollars told the Wall Street Journal that he hopes to “get the conversation going” with...