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Western Conference of Teamsters Pension Trust Benefit Improvements
Feb 14, 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

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.

Contribution Accrual Rate

  • Effective Jan. 1, 2024, the WCTPT trustees approved an extension of the 1.6% bonus accrual rate through Dec. 31, 2025.
  • This accrual rate applies to all participants regardless of the years of service the participant has earned.
  • The accrual rate will return to 1.2% as of Jan. 1, 2026.
  • The accrual rate for earning non-contributory service remains at 1.2%.

Child Survivor Benefit

The trustees also expanded the child survivor benefit in three important ways:

  1. Effective July 1, 2024, the WCTPT trustees will extend the survivor benefit to include dependent children up to age 22. Currently, the survivor benefit is payable to dependents up to age 18.
  2. Also, the child survivor benefit is being expanded to cover units at a basic contribution rate of $0.10 or higher so that the Teamster family of an eligible participant with an average contribution rate from $0.10 through $0.99 can qualify for a benefit of $1,000 per month.
  3. For units at an average contribution rate of $1.00 or higher, an eligible participant’s family can qualify for a child survivor benefit of $2,000, double the current maximum monthly amount per family.

These changes all apply to families of participants who die on or after July 1, 2024.


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TEAMSTERS VIP+ VOLUNTARY INCOME PROTECTION PLUS PLAN

We are pleased to announce a new Teamster Privilege voluntary benefit for Teamster members that provides additional financial protection if they can't work due to illness, injury or loss of DOT certification because of a medical condition.

TForce Freight – Article 44 Rail & Subcontracting Update

TForce Freight – Article 44 Rail & Subcontracting Update The IBT has reviewed the monthly filing by TForce Freight to TNFINC and pursuant to the requirements of the 2023-2028 National Master TForce Freight Agreement’s Article 44. TForce Freight’s for the month of January 2024 was 43.44%, which is under the 45.8% limit as of January 31, 2024.

Webinar For UPS Teamsters March 3

Sunday, March 3, webinar with important updates on the state of our new UPS Teamsters contract, including the ongoing Contract Enforcement Campaign

Teamsters Scholarships Available

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Correction: Notice of 492 Contact Info

Correction: Notice of 492 Contact Info 1/26/2024- Recently, an email was sent out with incorrect information regarding contact info for our 492 bookkeeper who handles Dues, Life with Dues, and Pension appointments, Monique Montoya. Her correct 492 office phone number is 505-344-1925 Ex. 12.

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. Also, building on the strong investment results of 2023, the Trustees of the Western Conference of Teamsters Pension Trust have approved major benefit improvements.
Download: WCTPT_Summary_Plan_Booklet_2023.pdf

Teamsters UPS Contract Enforcement Training

Teamsters UPS Contract Enforcement Training 1/10/2024 - Teamsters Local 492 will be conducting training for UPS Teamster Contract enforcement, available for any Local 492 Member to attend. This course will teach our members how to strengthen our union from within.

2024 General Membership Meeting Schedule

There is a General Membership Meeting scheduled for Saturday, January 6th, 2024 at 9:30 am, which will be held in the Teamsters Union Hall (downstairs) at 4269 Balloon Park Rd. NE, Albuquerque, NM 87109. Your Business Agents and Teamsters Local 492 Executive Board will be present to answer any questions you may have. We look forward to seeing you there.
Download: 2024_Membership_Meeting_Schedule.pdf


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Teamsters Local 492
4269 Balloon Park Road NE
Albuquerque, New Mexico 87109
  505-344-1925

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