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Pension Accrual Rate Increased Again!!!
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33% Western Teamsters Pension Bonus Granted for Service in Years 2021 – 2023
The Trustees of The Western Conference of Teamsters (WCT) Pension Plan have granted a special three-year 33% pension bonus under the Plan’s contribution account benefit formula for each of the years 2021, 2022, and 2023, increasing the benefit percentage from 1.2% to 1.6% of contributions for those three years. Therefore, Plan participants will earn a higher pension for every hour of covered work for 2021, 2022, and 2023. This is on top of the 25% pension bonus granted for covered work in 2020 at the accrual rate of 1.5% of contributions. The Trustees were pleased to grant this additional bonus in light of the Plan’s continued funding improvements and accelerated path toward its funding targets.
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| Social Security and Medicare Seminar on Sunday, August 16th |
Social Security and Medicare seminar on Sunday, August 16th
8/6/2026 - Teamsters Local 492 will be holding a Social Security and Medicare seminar on Sunday, August 16th starting at 10:00 am at the Teamsters Local 492 hall, located at 4269 Balloon Park Rd. NE, Albuquerque, NM 87109. This seminar is for any member who is close to retirement or would like to get information, or explanations regarding Social Security and/or Medicare benefits.
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| SOUTH VALLEY ACADEMY EDUCATORS JOIN TEAMSTERS LOCAL 492 |
SOUTH VALLEY ACADEMY EDUCATORS JOIN TEAMSTERS LOCAL 492
Teachers Become First Charter School Workforce in New Mexico to Organize With Teamsters
8/4/2026 - Teachers at South Valley Academy in Albuquerque have voted to join Teamsters Local 492, making history as the first charter school workforce to organize with the Teamsters in New Mexico.
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| Reminder: Teamsters Local 492 Internal/External Organizing Seminar |
Teamsters Local 492 will be hosting an internal/external organizing seminar for all local 492 members who would like to attend. This course will teach our members how to strengthen our union from within and is a perfect opportunity to learn the vital skills necessary, to increase the strength of our membership. If you are interested in attending this seminar on Saturday, August 8th, from 10am to 2pm.
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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.
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| 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.
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| 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
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| 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.
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