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TRUCKING INDUSTRY * USA - YRC, Teamsters lobbying for pension rule changes
Overland Park,KN,USA -The Star Kansas City -16 Feb 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.Bill Zollars, YRC chairman and chief executive, said the company and the Teamsters union were lobbying legislators to change laws that guide multi-employer pension plans... Historically, YRC and other trucking firms have contributed to the Teamsters’ Central States Pension Fund and other union-run multi-employer plans. But as the trucking industry consolidated and more carriers became nonunion, YRC has taken on the burden of financing the pension benefits of a growing number of Teamsters members who have never worked for YRC... (Photo from joc.com: YRC truck)
Labels: trucking industry news USA
posted by Unknown @ 11:34 AM
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