Western Conference Pensions Rise

December 5, 2007: The Western Conference of Teamsters Pension Fund, which covers most Teamsters in the Western Region, is ending cuts in pension accruals that were imposed in July 2003.

The accrual rates will increase to the historic base figure of 2 percent of contributions for Teamsters with less than 20 years credit, and 2.65 percent for those with more than 20 years.

This means a Teamster’s monthly pension amount will increase by 2 percent (or 2.65 percent) of the amount the employer contributes that year.

The restoration of the pension levels was announced just in time to help sell the UPS contract.

In the Teamster election campaign of 2006, Tom Leedham repeatedly pointed out that the cuts should have never been cut so drastically, and should have long ago been restored. But the trustees refused to restore the cut long after its own website was reporting that the fund was 100 percent funded.

Members retiring in 2007 lost about $500 per month for life due to those cuts.

Get Advice Join TDU Donate

Recent News

Zoom Call for IBT Election Volunteers on Saturday, August 14

TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register. 

Central States Assets Fall – But Relief is Coming!

The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

View More News Posts