YRC Worldwide union workers get higher retirement age recommendation

The uncertainty surrounding YRC Worldwide Inc.’s financial future is claiming retirees, too.

Central States Funds, which oversees pension plans for thousands of YRC employees, is telling workers younger than 57 not to retire right now because the benefits they receive could change drastically during the next three months.

Tom Nyhan, executive director for Central States, said the organization is developing a new structure for employee benefits and accruals to adjust for the significantly reduced amount of cash available in the fund. Full Story.......