Teamsters Local 492
Teamsters Local 492
 

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Pension Update
Feb 22, 2013

The Western Conference of Teamsters Pension Plan was established in 1955 through collective bargaining between labor and management.

Today your Plan is the largest area-wide multiemployer pension plan in the United States. It covers more than 230,000 active participants through pension agreements negotiated by Teamster local unions with about 5,200 employers in 13 Western states.

Over its more than 50 years of existence, the Western Conference has provided substantial, secure retirement benefits to more than 600,000 retirees and survivors. In 2012, the Western Conference served over 375,000 active and inactive vested participants and over 205,000 retirees, with participants or retirees located in every State. Almost 1,700 employers contribute to the Western Conference, including numerous small businesses. These employers represent more than 50 diverse industries—including grocery and food distribution, package delivery, manufacturing, clerical, beverage bottling, law enforcement, entertainment, waste disposal, and health care. Almost three-quarters of the contributing employers have fewer than 50 employees.

The Western Conference remains a well-funded pension plan and has been certified in the Green Zone every year since the PPA first created the zone ranking system for plan funding. Read a recent mailing that gives estimates of how the fund is currently doing by clicking here.

Here are some of the major industries with contributing employers:

Aerospace

Airlines

Appliances

Automotive

Bakery

Bottling

Brewery

Building Materials

Bus Drivers

Car Parking

Casinos

Construction

Convention Services

Dairy

Feed and Grain

Frozen Storage

Electronic Media

Food Processing

Freight and Package Delivery

Funeral

Furniture

Glass & Paint

Grocery

Hospitality

Industrial Trades

Janitorial

Laundry Services

Lumber & Paper

Manufacturing

Medical

Motion Picture & Theater

Municipal Transportation

Natural Resources

Newspapers & Magazines

Office

Public & Professional Employees

Racetrack

Recycling and Waste Management

Retail

Sand & Gravel

Sanitation

Taxi & Limo

Transportation

Van and Storage

Vineyards

Waste Management

Wholesale Supply


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UPS Article 17 Penalty Pay Update

1/6/2026 - UPS Article 17 Penalty Pay Update Attention All UPS Teamsters: (Article 17) New Payroll Penalty Language Now in Effect Per Article 17, of the National Master Agreement, the updated payroll penalty provisions have officially taken effect.

Western Conference of Teamsters Pension Trust Appointments Available

Teamster Local 492 will have a representative from the Western Conference of Teamsters Pension Plan from Northwest Administrators in our office this month. This is your opportunity to meet face-to-face and review your pension value and where you stand on any PEER requirements, if applicable.

Teamsters VIP+ Voluntary Income Protection Plus Plan

New benefit options available to protect your income when you can’t work due to injuries, illnesses, surgeries, loss of DOT License or FAA Medical Certification (due to medical reasons), or death.

2026 Teamsters Scholarship

The Teamsters Scholarship Fund applications are now available at Teamster.org/scholarships. In order to expedite the awarding of scholarships, applications will be accepted through April 1, 2026.

LU492 Delegates Election Postings

Please click "Read More" to see the following notices regarding the upcoming election for Teamsters Local 492 Delegates. 

ABF Pension Increase 2025

 ABF Pension Increase 2025 9/24/2025 - This notice is to inform you of the contractual pension contribution increase that takes effect August l, 2025, through July 31, 2026, under the ABF NMFA agreement. The contribution rate will increase by $0.80 per hour, with the entire amount applied to your pension.

Creamland Teamsters at Local 492 Unanimously Ratify Contract!

9/11/2025 - The strike against Creamland Dairy has ended after 1 week. Teamsters Local 492 would like to thank all the dedicated Teamsters who took time out of their busy lives to support their Brothers and Sisters at Creamland.  We are so proud of our Creamland Teamsters for their sacrifice through the strike in order to get a fair contract.

UPS’s DVS BUYOUT PROGRAM: A DEVIOUS PLAN

Click "read more" to view the full flyer.


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

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