Check this out! I just verified the current Health & Welfare and Pension weekly contribution rate paid by YRC Freight to Central States (effective 8-1-18)! The amounts are staggering! Here we go...
Health & Welfare (TeamCare C-6 Plan) $401.13 per week for a total of $20,858.76 a year!
Pension (Class 18) $106.55 per week for a total of $5540.60 a year!
Total Fringe Benefit Contribution by YRC Freight to Central States Funds is (40 hours x $12.692 per hour), $507.68 a week for a total of $26,399.36 a year!
(And that's before they even punch the time clock!)
At ABF Freight the fringe benefit contribution is even higher because in addition to the H&W (TeamCare C-6 Plan) payment of $401.13 a week ($20,858.76 a year), they also pay the max freight pension (Class 18) contribution (frozen by the trustees in 2011) of $342.00 a week ($17,784.00 a year).
Total Fringe Benefit Contribution by ABF Freight to Central States Funds is (40 hours x $18.578 per hour), $743.13 a week for a total of $38,642.78 a year!
(And again...that's before they even punch the time clock!)