Tuesday, March 23, 2010

Congress to consider YRC pension relief

YRC Worldwide Inc.’s push to get relief for its benefits costs picked up momentum Monday as the U.S. Senate began to consider a bill that would address problems with multi-employer pension plans.

Sen. Bob Casey of Pennsylvania said he would introduce a bill intended to protect the pension payments of retirees of failed businesses while assisting companies such as YRC, whose pension liabilities include non-YRC retirees. Full Story........

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