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Will YRC employees that have retired have there pension restored ? I got 30 years vested over 25 years Get 1034 month.

Roadway spy said:
Was told by my local that it looks like YELLOW employees will still be penalized and this legislation will only guarantee your penalized payments for 30 years.
The 25% only benefits central states you will get no more toward retirement from now on.
You may have to stay to 70 years old.
Central states only
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That sucks, but the writing was on the wall years ago, people shoulda cut and run for a different participant in the fund, if your goal was to actually retire with you fully credited years. Good luck, not too late..
 
jimmy g said:
I froze mine at 21 yrs in Nov 2008. I'm 66- Haven't drawn it yet. CSPF shows as vested/active, and eligible for $2455.10 because I got out before the cuts. Laid off by Yellow in 2008, called back to YRCW in a letter from Roadway for March 2009, and resigned rather than report. Appears to have been one of the best decisions I ever made.
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You do know that there is no such thing as freezing your pension.
 
Razorblade said:
You do know that there is no such thing as freezing your pension.
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The only thing I know is that in Feb 2009 I had worked under NMFA for 22 yrs- gotten credit for 21 yrs at 100% payments, and was never going to be adding to it. From time to time I checked with CSPF for my status, and was told: Vested/Active.
 
Well why take money from Covid relief fund to shore up central state’s but leave out teamster employees who work for YRC ? And don’t argue about contracts being signed. I never signed for reductions.
 
Yes, I’ll will wait till after July and see what happens even though I have a pretty good idea.
Then freeze mine till I’m 62.
35 years in the trucking business is enough.
Sounds like Jimmy don’t need his pension but with the bail out I would draw it and find some good charities.
 
Roadway spy said:
Yes, I’ll will wait till after July and see what happens even though I have a pretty good idea.
Then freeze mine till I’m 62.
35 years in the trucking business is enough.
Sounds like Jimmy don’t need his pension but with the bail out I would draw it and find some good charities.
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Freeze your what??
I can send Jimmy some Mason jars for burial.
 
imonlayoff said:
Well why take money from Covid relief fund to shore up central state’s but leave out teamster employees who work for YRC ? And don’t argue about contracts being signed. I never signed for reductions.
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You guys passed a contract without full pension payments. They told you what the reductions were going to be. I worked there then. I left because of that. If you wanted full pension payments you should’ve left.
 
SAC75 said:
You guys passed a contract without full pension payments. They told you what the reductions were going to be. I worked there then. I left because of that. If you wanted full pension payments you should’ve left.
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Why the bailout then if not to restore monies owed . I don’t care where you worked then or now . ALL I CARE ABOUT IS MY RETIREMENT PENSION. !
 
imonlayoff said:
Why the bailout then if not to restore monies owed . I don’t care where you worked then or now . ALL I CARE ABOUT IS MY RETIREMENT PENSION. !
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That part of the pension is not what was in danger. You guys took a pay cut and the pension payments got cut. That has nothing to do with the pension being in danger. You guys voted to take the cut.
 
SAC75 said:
That part of the pension is not what was in danger. You guys took a pay cut and the pension payments got cut. That has nothing to do with the pension being in danger. You guys voted to take the cut.
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No I actually voted against the contract that Hoffa encouraged yrc employees to accept.
 
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