Teamsters Local 492 |

The Western Conference of Teamsters (WCT) Pension

May 02, 2024

www.wctpension.org

Pension Appointments, Estimates/Statement Requests & Retirement Info: 206-726-3266 (These phone clerks are trained to answer general pension questions and can log "Estimate Requests" to mail to the member)

MAIN OFFICE PHONE: (800) 531-1489

5/2/2024-WCTPT Annual Funding Notice for 2023

2/2/2024 -WCTPT Summary Plan Booklet 2023 Now Available. The Updated Western Conference of Teamsters Pension Trust Summary Plan Booklet 2023 is Now Available in PDF Form. Click Here to View or Download the PDF

1/16/2024 -Western Conference of Teamsters Pension Trust Benefit Improvements. Building on the strong investment results of 2023, the Trustees of the Western Conference of Teamsters Pension Trust approved major benefit improvements at their January 2024 board meetings which took place the week of January 8 and 9, 2024. Click Here to Read More about the WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST BENEFIT IMPROVEMENTS

8/9/2023-WTWT Sept/Oct Extension of Coverage Yellow

7/27/2023- WTWT YELLOW EXTENSION OF COVERAGE

4/15/2021 - Pension Accrual Rate Increased Again!

5/22/2020 - WCTPT Co-Chairmen Annual Letter

4/24/2020 - WCTPT Annual Funding Notice for 2019

4/8/2020 - For those of you that may have scheduled or are interested in scheduling pension appointments in the near future, due to COVID-19, those appointments have been canceled until further notice. Any members who already have scheduled appointments in April will be receiving information from the Pension office, including contact information for the Pension Representative.

1/20/2020 - Western States Pension Accrual Rate Increased for 2020! Pension Fund Nearing Full Funding Status! Read More Here

Click Here to Read the New 2020 Work Hour Limits Document

Click Here to view the 1987-2020 Accrual Chart

Request for Evaluation of Reemployment Form Click Here

For those of you in the Western States Pension Fund (ABF, ATF, Chiulista, Creamland, DMS, Franklins, Hertz, LANS, N3B, Penske, Sysco, Triad, & UPS) there is a new feature on their website (CLICK HERE) where you can have access to your personal plan information. You can view the flyer here

Pension Facts

NEW 2018 Plan Summary - This section explains what you need to know and do to get the most from your Plan benefits. Click here for details.

Plan Forms - Click Here to Download WCTPT forms for Change of Address, Beneficiary Designation, Automatic Bank Deposit, Request for Evaluation of Reemployment and Employer-Union Pension Certification.

Plan Documents and Publications - Click Here to Download the WCT Pension Plan Document, Summary Plan Description, Agreement & Declaration of Trust, Form 5500, Actuarial Report, PPA Actuarial Certification with Explanation, Annual Funding Notice and Notice to Employers & Unions.

View Video Webcasts conducted by the Trust Here

Pension Facts

Pension Change From The Omnibus Bill

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July 2026

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WTWT Memo - Termination of BCBSNM Effective September 1, 2026

WTWT Memo - Termination of BCBSNM Effective September 1, 2026 To: All Active Western Teamsters Welfare Trust Participants Who Participate in the BlueCross BlueShield New Mexico (BCBSNM): RE: Termination of BCBSNM Effective September 1, 2026 7/9/2026 - BCBSNM’s premiums have been increasing at an alarming rate and they are the most expensive HMO option in the 11-state area covered by the Trust. Over the years, the Trust has communicated to BCBSNM that if their premiums continue to increase, then it would be likely that the Trust will terminate BCBSNM as an option. Unfortunately, BCBSNM proposed another increase for the September 1, 2026, through August 31, 2027, plan year. BCBSNM remains the most expensive HMO option at a monthly premium of $3,018.84 per Active employee. For comparison’s sake, the Trust’s self-funded benefits currently cost on average $1,908.79 per Active per month or $1,110.05 a month less than the BCBSNM rate.

2026 ABF Pension Contribution Increase

SUBJECT: ABF Freight Pension Contribution Increase Effective August 1, 2026 Brothers and Sisters, Effective August 1, 2026, the new total pension contribution rate for ABF Freight members in the West will be $10.58 per hour. This rate includes the contractual $0.99 per hour increase. Because the Western Teamsters Welfare Trust (WTWT) has not increased Health & Welfare contribution rates for the 2026 plan year, no portion of the contractual increase will be allocated to Health & Welfare benefits.

UPS Cola Update 2026

RE: Cost-of-Living (COLA) Adjustment of $0.22 on August 1, 2026 Inflation triggered a 2026 COLA increase of $0.22 per hour and 0.55 cents per mile under the 2023-2028 National Master United Parcel Service Agreement. The U.S. Department of Labor's Bureau of Labor Statistics reported the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased to a level of 328.829 points ( 1982-84= 100) in May 2026. This triggers a COLA increase because the CPI-W Index points exceeded 325.283 points. Per Article 33 of the contract, a COLA increase

IBT Notice To All ABF Local Unions Regarding the 2026 COLA Increase

6/8/2026 - View The IBT Notice To All ABF Local Unions Regarding the 2026 COLA Increase, which can also be viewed below: TO: ALL LOCAL UNIONS SIGNATORY TO THE 2023 – 2028 ABF FREIGHT NATIONAL MASTER FREIGHT AGREEMENT FROM: John A. Murphy, National Freight Director DATE: June 8, 2026 RE: ABF Freight -NMFA Article 33, Sec. 4 - COLA The U.S.

YELLOW CORPORATION BANKRUPTCY UPDATE

YELLOW CORPORATION BANKRUPTCY UPDATE 7/1/2026 - Click Here to read the June 30th, 2026 YELLOW CORPORATION BANKRUPTCY UPDATE from the IBT. Fraternally, Jesus R. Vidaca, Teamster LU492 Freight Business Agent https://bit.ly/3RCi7j1

Tell Congress to Pass the Fast Labor Contracts Act!

Tell Congress to Pass the Fast Labor Contracts Act! Workers shouldn’t have to wait years for their first contract! Workers have the right to a collective bargaining agreement after they vote for a union, but the law is full of loopholes and companies drag out the negotiation process for years. On average today, it takes 458 days to secure a first contract.

Rocky Mountain Teamster

This month's Rocky Mountain Teamster is available to read online along with all Rocky Mountain Teamsters going back to 2008.

Update on Overtime Tax Deduction

Update on Overtime Tax Deduction The Teamsters Package Division has received questions from members about the "No Tax on Overtime" provision included in the One Big Beautiful Bill Act (OBBBA) that was passed last year, including whether Package Division members are impacted by the legislation.