The last freight company that was organized company wide was UPS Freight. Anyone with a handful of brain cells knows that was a Hoffa Jr. and UPS (parcel) sweetheart deal to get him re-elected at the same time getting them out of the CSPF. The UPS Freight workers were in the Teamsters 401k plan.
NO NEW COMPANIES WILL EVER JOIN THE TEAMSTERS AND GET IN THE CENTRAL STATES PENSION FUND. The unfunded liability is too high. Any newly organized company that was forced to join the CSPF would fold up immediately.
The Central States pension fund has now been bailed out by tax payers. Tom Nyhan and co. “lost” the billions UPS had to pay to get out of it Back in the 00’s. They claimed the crash of ’08 is what lost that money. The boom afterwards where everyone made their money back except CSPF was just the way it goes I guess. Welcome to hard times, amirite?
Anyway, deregulation from before I was even born “is what killed the Teamsters”. It has nothing to do with how their members treat people, their organizations arrogance, or them not organizing the non union truckload or ltl freight companies that were springing up in the late 70’s or early 80’s because of the “they need us more than we need them” mentality.
Is everyone that is a Central States member that was affected by the YRCW votes for wage cuts and pension cuts guaranteed a job at ABF? UPS (parcel) no longer pays into that fund, so it’s pretty much just ABF in freight now that Yellow is only paying 25%.
If XPO employees do actually organize they will not be in the CSPF.
NO NEW COMPANIES WILL EVER JOIN THE TEAMSTERS AND GET IN THE CENTRAL STATES PENSION FUND. The unfunded liability is too high. Any newly organized company that was forced to join the CSPF would fold up immediately.
The Central States pension fund has now been bailed out by tax payers. Tom Nyhan and co. “lost” the billions UPS had to pay to get out of it Back in the 00’s. They claimed the crash of ’08 is what lost that money. The boom afterwards where everyone made their money back except CSPF was just the way it goes I guess. Welcome to hard times, amirite?
Anyway, deregulation from before I was even born “is what killed the Teamsters”. It has nothing to do with how their members treat people, their organizations arrogance, or them not organizing the non union truckload or ltl freight companies that were springing up in the late 70’s or early 80’s because of the “they need us more than we need them” mentality.
Is everyone that is a Central States member that was affected by the YRCW votes for wage cuts and pension cuts guaranteed a job at ABF? UPS (parcel) no longer pays into that fund, so it’s pretty much just ABF in freight now that Yellow is only paying 25%.
If XPO employees do actually organize they will not be in the CSPF.