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Pension Funds * USA - Firms Seek to Replace they
ABF, UPS Seek Teamsters OK to Replace FundsNew York,NY,USA -Transport Topics, by Daniel P. Bearth -May 14, 2007: -- The top executive at Arkansas Best Corp. said he expects to offer his fleet’s unionized employees a less-costly company-funded pension benefit plan and withdraw from the current Teamsters multi-employer funds as part of a new labor agreement with the union... Separately, the Teamsters last week confirmed that UPS Inc., the nation’s largest trucking company and largest single employer of Teamsters, has offered the union a similar proposal... These developments set the stage for potentially significant changes in the way the Teamsters and motor carriers handle the distribution of health benefits and retirement payments to employees covered under collective-bargaining agreements...
Labels: drivers benefits
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