Teamsters Examine YRC Pension Proposal

June 10, 2009
Faced with financial difficulties, trucking company YRC Worldwide and the Teamsters are looking at pension payment deferrals.

The Teamsters National Freight Industry Negotiating Committee (TNFINC) has created a sub-committee to consider whether language in the National Master Freight Agreement (NMFA) needs to be modified to address YRC Worldwide (YRCW), Inc.'s requests to defer pension contributions.

"It is imperative that YRCW weathers this recession," said Tyson Johnson, co-Chairman of TNFINC and Director of the Teamsters Freight Division. "The committee will also determine whether adjustments are necessary to further our central goal of protecting the jobs and benefits of our members at YRCW and all members covered by the NMFA."

Teamster General President Jim Hoffa added, "We are forming this committee to review the contract in efforts to help YRCW survive this recession and hopefully come out stronger than ever. Our number one priority is to protect our members and their families, and that's our paramount concern throughout this process," he continued.

The committee will submit its findings to TNFINC, which negotiates the NMFA. If the committee accepts these recommendations, they will be submitted to the rank-and-file membership for approval.

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