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PBGC Approves Local 727 and the Chicago Tribune Pension Funds’ Merger

PBGC Approves Local 727 and the Chicago Tribune Pension Funds’ Merger

| June 25, 2019

This past November, the Teamsters Local Union No. 727 Pension Plan Board of Trustees and Chicago Newspaper Publishers Drivers Union Pension Fund representatives reached an agreement to merge the two pension funds and, in doing so, saved the pensions of approximately 850 participants.  The absorption of the struggling Chicago Tribune Pension Fund by the well-funded […]

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District Judge Dismisses Chicago Tribune Attempt to Overturn Arbitration Award, Sides with Local 727

| June 13, 2019

Last week, U.S. District Court Judge Manish Shah dismissed a lawsuit filed by the Chicago Tribune against Teamsters Local 727 and, as a result, blocked the Company’s attempt to overturn the July 2018 “gap pay” arbitration award. The arbitration award was issued last year by arbitrator Amedeo Greco.  The neutral arbitrator determined that the Tribune […]

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Local 727 and the Chicago Tribune Reach Agreement on $68 Million Pension Fund Merger

Local 727 and the Chicago Tribune Reach Agreement on $68 Million Pension Fund Merger

| November 12, 2018

Nearly 850 Participants’ Pensions Saved! Following years of negotiations, trustees for the Teamsters Local Union No. 727 Pension Plan and the Chicago Newspaper Publishers Drivers Union Pension Fund, the pension fund of Local 727-represented Chicago Tribune delivery drivers, have reached a tentative agreement on the terms of a pension merger which saves the pensions of […]

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Sour Over the Union’s Massive Arbitration Win, Chicago Tribune Attempts to Overturn Arbitration Award

Sour Over the Union’s Massive Arbitration Win, Chicago Tribune Attempts to Overturn Arbitration Award

| October 5, 2018

The Chicago Tribune filed a lawsuit last month against Teamsters Local 727 in an attempt to avoid paying nearly 120 Teamster newspaper truck drivers backpay awarded to them by a neutral arbitrator this past July.  Originating from a grievance filed in 2016, this arbitration sought to address the Company’s violation of the “gap pay” requirements […]

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