multiemployer

Hostess, for instance, pays about $100 million annually to some 40 multiemployer pension plans that cover workers at a wide array of companies other than its own, said people familiar with the matter.

Hostess Tries to Lengthen Shelf Life Julie Jargon 2012

NOTE: In the above graph, traditional labor unions are grouped under the the "non-Taft Hartley union" segment, while the "multiemployer" category refers to collective bargaining agreements between a union and multiple employers.

The Sunlight Foundation: One year after passage, health care reform continues to generate lobbying and legal fees The Sunlight Foundation 2011

Chief Executive Bill Zollars said YRC will be negotiating with its lenders and its multiemployer pension funds over the coming months, and he voiced optimism that relief will be provided by recently introduced federal legislation involving multiemployer pension funds.

Trucking Company YRC Says Financial Challenges Aren't Over 2010

Well, yeah, multiemployer plans -- the way they work is that you have companies across an entire industry who pay into a single pension plan.

A Second Great Recession? 2010

Bill Zollars said YRC will be negotiating with its lenders and its multiemployer pension funds over the coming months, and he voiced optimism that relief will be provided by recently introduced federal legislation involving multiemployer pension funds.

Corporate Watch 2010

Mr. Zollars has frequently complained about YRC's financial obligations under several multiemployer union pension funds, saying that roughly half of the company's contributions pay for retirees who never worked for YRC but rather for other companies that have since gone out of business.

YRC Won't Seek TARP Funds 2009

In a filing with the Securities and Exchange Commission, YRC said it makes multiemployer pension contributions of $34 million to $45 million a month, depending on employment levels.

YRC Seeks Pact 2009

YRC pays into 36 separate multiemployer pension plans for its Teamster employees, and the Central States plan is the largest, constituting more than half of the company's monthly pension obligations.

YRC Reaches Deal to Defer Pension Payments 2009

In the 1980s, for example, the federal Pension Benefit Guaranty Corporation (PBGC) lured in multiemployer plans with the express promise they could withdraw without penalty if they did not like its fund management.

Is the Bonus Tax Unconstitutional? 2009

It protects the pensions of nearly 44 million American workers and retirees in more than 29,000 private single-employer and multiemployer defined-benefit pension plans.

Delphi Gets $6.2 Billion Bailout of Pensions 2009