A primary concern for YRC has been its payment obligations to multi-employer pension plans, which cover hundreds of thousands of workers. But as companies have gone out of business or otherwise dropped out of the plans, and the economy has soured investment returns, the remaining companies have seen their pension costs rise rapidly to fill the gap.
About 40 percent of YRC’s pension payments support retirees who never worked for the company, Zollars said. Legislation to address the problem was introduced March 22, and the company is working with House leadership, committee chairs and others about the best way to move ahead with it, he said.
If Washington helps out..you may get the pension and maybe even the 15% you got coming might go to the pension instead of your pocket and the raise if any in the next