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Pension Accrual Rate Increased Again!!!
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33% Western Teamsters Pension Bonus Granted for Service in Years 2021 – 2023
The Trustees of The Western Conference of Teamsters (WCT) Pension Plan have granted a special three-year 33% pension bonus under the Plan’s contribution account benefit formula for each of the years 2021, 2022, and 2023, increasing the benefit percentage from 1.2% to 1.6% of contributions for those three years. Therefore, Plan participants will earn a higher pension for every hour of covered work for 2021, 2022, and 2023. This is on top of the 25% pension bonus granted for covered work in 2020 at the accrual rate of 1.5% of contributions. The Trustees were pleased to grant this additional bonus in light of the Plan’s continued funding improvements and accelerated path toward its funding targets.
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| 2023 ELECTION RESULTS FOR LOCAL UNION OFFICERS |
NOVEMBER 13, 2023
TO ALL TEAMSTERS LOCAL UNION 492 MEMBERS
2023 ELECTION RESULTS FOR LOCAL UNION OFFICERS
Teamsters Local Union 492 is pleased to announce the results of the election of the Officers for the Local Union for the three-year term commencing January 1, 2024.
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| Yellow Update |
9/15/2023- A grievance has been filed for ALL members at Yellow in New Mexico. The grievance covers all vacation hours earned and unused and pro rata, vacation earned from seniority date to closing. This grievance was heard at the September session of MSC. The ruling was that all vacation grievances were to be forwarded to the bankruptcy court and would be paid out through that process.
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| TEAMSTERS AT TFORCE FREIGHT RATIFY NATIONAL AGREEMENT |
TEAMSTER LEADERS UNANIMOUSLY ENDORSE TFORCE FREIGHT TENTATIVE AGREEMENT
7/24/2023- Teamsters local leaders unanimously endorsed the new tentative agreement between the Teamsters National Freight Industry Negotiating Committee (TNFINC) and TForce Freight on Monday.
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| UPS Tentative Agreement Reached |
“WE’VE CHANGED THE GAME”: TEAMSTERS WIN HISTORIC UPS CONTRACT
Deal Results in Higher Wages, More Jobs, Equal Pay, A/C, MLK Day, Part-Time Rewards
7/25/2023- Today, the Teamsters reached the most historic tentative agreement for workers in the history of UPS, protecting and rewarding more than 340,000 UPS Teamsters nationwide.
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| Yellow/Teamster Negotiations Update 7/25/2023 |
As you know, Yellow Corp. determined at a board of directors meeting on July 7, 2023, that its operating companies under the NMFA would not make required health and welfare and pension contributions to six different benefit Funds. Specifically, the Central States Health and Welfare and Pension Funds; the Central Pennsylvania Funds and the Western Conference Funds.
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2023_Election_Results_492.pdf
