Saturday, June 02, 2007

Protecting Your Pensions

A Message From Teamsters National Freight Division Director Tyson Johnson


As we prepare to negotiate the National Master Freight Agreement (NMFA) later this year, we realize that you, our members, are very concerned about your pensions.

Your concern may be heightened by the recent proposal from UPS to create a new, joint Teamsters-company pension plan to cover full-time UPS employees who currently obtain their pension benefits from the Central States Fund.

UPS' proposal is just that, a proposal. Teamster leaders are studying the proposal now and gathering information from the Central States Fund to fully assess the impact. You can be assured that your Teamster leaders will not support any proposal that will harm any active or retired Central States member.

You may have also heard that CEO Robert Davidson of ABF has been giving reports that he would like to have his company withdraw from all Teamster pension plans. We will not permit ABF or any other freight company to do anything that will harm any active or retired Central States member. Please be assured that any proposal related to pensions from ABF, or any other freight company, will not be discussed until NMFA talks begin later this year.

I urge you to not be swayed by rumors. Instead, visit the Teamsters web site for the latest information.

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