pj2004...would you post a copy of that memo? I want to take it down the hall tomorrow am....I want them to tell the truth if this is true. People are calling me left & right wanting to know if they are going to have insurance or not.
Update: YRCW Backs Off Pension Claim
April 15, 2009: YRCW has issued a corrected memo backing off their claim that our union has agreed to a plan that would use real estate as collateral to Teamster pension funds to defer making pension contributions.
In related news, the Central States Pension and Health & Welfare Funds' director, Thomas Nyhan, reports that they are negotiating with YRC over pension deferral, but have demanded immediate payment of past-due health and welfare payments. YRC management informed us that YRC, Holland and New Penn today made payments to all health and welfare funds, including Central States.
The Nyhan memo reveals that YRC has already deferred pension payments, back in January, to the Central States Fund. Presumably the IBT approved this arrangement, without informing the affected members.
Update: YRCW Backs Off Pension Claim
April 15, 2009: YRCW has issued a corrected memo backing off their claim that our union has agreed to a plan that would use real estate as collateral to Teamster pension funds to defer making pension contributions.
In related news, the Central States Pension and Health & Welfare Funds' director, Thomas Nyhan, reports that they are negotiating with YRC over pension deferral, but have demanded immediate payment of past-due health and welfare payments. YRC management informed us that YRC, Holland and New Penn today made payments to all health and welfare funds, including Central States.
The Nyhan memo reveals that YRC has already deferred pension payments, back in January, to the Central States Fund. Presumably the IBT approved this arrangement, without informing the affected members.
Thanks mustache. They told us about it in Louisville today at both YRC and Holland.