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Republic, Teamsters Agree to Pension Fund Switch in Michigan

Article-Republic, Teamsters Agree to Pension Fund Switch in Michigan

Three different Republic Services Inc. operations in Michigan have agreed to new collective bargaining agreements that switches employees to a different pension program.

About 320 members of the Washington-based Teamsters agreed to exit the financially failing Central States Pension Fund and move to the financially healthy Western Conference of Teamsters Pension Trust, the Phoenix-based Republic said in a news release. The approvals came from Local 247 in Detroit and Local 332 in Flint.

“This is a great outcome for Republic, our customers and most importantly, our employees because it honors their work and years of service by making available a financially stable retirement program,” said Brent Goodsell, Republic area president.

Republic serves about 265,000 homes in metro Detroit with either waste or recycling pickup, more than 15,000 commercial customers in Wayne, Oakland, Macomb and surrounding counties and more than 4,600 Detroit area industrial customers.

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