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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Teamsters UPS Contract Enforcement Training May 18th

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Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims

4/18/2024 - The following is a message from John A. Murphy, IBT National Freight Director and Co-Chair, TNFINC: Re: Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims TO ALL LOCAL UNIONS HAVING MEMBERS EMPLOYED OR FORMERLY EMPLOYED BY YELLOW CORPORATION AFFILIATES I.

Teamsters Local 492 Wins Historic Grievance Against Sysco for Members

4/16/2024- It is with great pleasure that I can report to all our members, that Teamsters Local 492 has won a hard-fought grievance for our Sysco brothers and sisters! On April 03, 2020, a grievance was filed to enforce the forty-hour language in our contract.  This grievance was filed during the Walter Maestas administration, in the early stages of Covid-19.

Teamsters 492 Organizing Victory in NM at Southern Glazer’s Wine & Spirits

On behalf of Teamsters Local 492, I would personally like to congratulate all of the workers at Southern Glazer’s Wine & Spirits in this Local's jurisdiction, which includes warehouse workers, loaders, drivers as well as hostlers/yard jockeys.

TEAMSTERS VIP+ VOLUNTARY INCOME PROTECTION PLUS PLAN

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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.

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


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

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