To answer your question, I honestly do think pension contributions will return in 2011. In the MOU we approved pension contribution DEFERRAL, not elimination. Any changes to pension amounts and monthly payment schedules outlined in the NMFA must be voted on and approved by the members. Do not count on the International or our Locals to tell us the truth. They have lied to us in the past.
I have included dialogue from Friday's YRCW conference call specifically addressing this issue.Please read and pass along to others at your terminal. One of our most important duties as union members is to educate and inform.
1. YRC Worldwide Inc. Q4 2009 Earnings Call Transcript
Page 10 out of 10|February 05, 2010 |
Operator
Your last question comes from Jack Waldo from Stephens, Inc. Your line is now open.
Jack Waldo -- Stephens, Inc
Good morning, gentlemen and Sheila. I wanted to talk a little bit more about the multi employer pension plans, specifically when does the pension payment come back on line? How much is it a month? I guess how much is it a month if we look historically on your employee count and how much would you expect it to be based on your current employee count?
Sheila Taylor
Yes, it comes back on in January of 2011. Historically, I’d say it was between $35 million to $40 million from a pension standpoint. I’d expect it to be closer to the $30 million, obviously, don’t know what headcount is going to look like or volumes next January, but it could be around that number.
Jack Waldo -- Stephens, Inc
Okay. And could you talk a little bit about the proposed pension legislation and how it might impact you guys?
Tim Wicks
Hey, Jack, it’s Tim. Before you go there, I think the other thing that’s important as we operate the business clearly while we are focused on strategies around 2011 I think we’d be remiss if we didn’t make sure everyone is aware that we operate the business with a forecast that anticipates those payments returning in 2011, right, as opposed to believing that we’ve it solved until we do have it solved.
Jack Waldo -- Stephens, Inc
Do you want to share what that forecast is?
Tim Wicks
Of course, not.
Sheila Taylor
Nice try.
Bill Zollars
Jack, on your question around legislation, we’ve been working for some time on an effort to partition off the orphans from the total requirements. I think as everyone knows, about 40% of what we pay into the pension funds on a regular basis goes to people that never work for us and we see that as kind of an unfair burden in the marketplace. And so we’ve been working with Capitol Hill on getting legislation started there. We’ve got two pieces of legislation. One in the Senate and one in the House, that have been launched and we’re continuing to work with the supporters of that legislation to see if we can get it passed.
Jack Waldo -- Stephens, Inc
Any idea when the outcome will be?
Bill Zollars No, we’d like it sooner rather than later obviously, but it’s hard to predict what’s going on in Washington right now.