Teamsters Pension Plan Update
Benefit Increase Announced
Trustees Approve Major Changes
The Trustees of the Western Conference of Teamsters (WCT) Pension Trust have approved major benefit increases for retirees and beneficiaries. The changes, which take effect immediately, include:
- A 5% increase in monthly pension benefits
- A new annual cost-of-living adjustment (COLA) of 1%
- A reduction in the minimum age for early retirement from 55 to 50
The changes were approved after a comprehensive review of the Plan's financial status and investment returns. The Trustees determined that the Plan is in a strong position to provide increased benefits to its participants.
The WCT Pension Plan is a multi-employer defined benefit plan that provides retirement benefits to over 100,000 Teamsters members and their families. The Plan is funded by contributions from participating employers and investment returns.
For more information about the benefit increases, please visit the WCT Pension Plan website or contact the Plan office at (800) 528-8326.
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