January 22, 2008: As of January 1, Teamsters in pension plans have new, expanded rights to obtain information from their pension fund.
The Pension Protection Act requires that participants have the right to obtain any periodic actuary report, any quarterly, semi-annual or annual financial report, and other documents.
Teamsters for a Democratic Union and the Pension Rights Center led the lobbying effort that won members these rights. These rights apply to both active and retired pension fund participants.
Teamsters who want to exercise their rights to get this information can contact TDU to obtain a model letter to send to your fund.
Because the law is new, it may take some time to sort out how these rights are implemented. TDU will work with Teamsters to ensure that they can get the information that they are entitled to.
Click here to send TDU a pension question.
Click here to request a model letter to send to your fund requesting financial information.