IMPORTANT MESSAGE: Due to the coronavirus outbreak, our local union offices and WCTPT Administrative Offices are temporarily closed to in-person interviews with participants. WCTPT representatives are available over the phone Monday-Friday, 8:00 a.m.-5:00 p.m. PDT at 1-800-531-1489 to answer any questions or to schedule an interview over the phone. Regular benefit processing continues to be performed, to the extent possible.
Personal Benefit Statements mailed in May. See below.
We are Still a Green Zone Plan! Read below.
The Western Conference of Teamsters (WCT) 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 215,000 active participants through pension agreements negotiated by local unions with more than 1,400 employers nationwide. Find answers to common questions about the WCT Pension Plan for prospective participants and employers.
A new actuarial study commissioned by the largest multiemployer plan in the country, the Western Conference of Teamsters Pension Plan, found that the GROW Act would harm workers, retirees, and the Pension Benefit Guaranty Corporation (PBGC). Read the full press release.
NEW Letters from the Trust Chairmen
In a letter to Participating Local Unions dated June 5, 2020, the Union Chairman shares record-breaking Plan numbers for 2019, recent Plan changes and benefit improvements, and requests action on recent legislative developments.
In a letter to Contributing Employers dated June 15, 2020, the Employer Chairman underscores the Plan's excellent performance for 2019, and that it is very well positioned to navigate these times of economic uncertainty ahead.
In a joint letter issued in May 2020 to all Contributing Employers and Teamster Bargaining Representatives, the Union and Employer Chairmen of the Trust provide perspective on the underlying strengths of the Trust and efforts being undertaken to manage effectively through the present COVID-19 outbreak situation.
Personal Benefit Statements are mailed in late May to the homes of participants who worked 250 or more covered hours in the previous year and have a current address on file. If you do not receive one, contact your Administrative Office and verify your mailing address. Click here to see a sample statement.
This Actuarial Certification with Explanation and 2020 Funding Certification (required by the Pension Protection Act) states that the WCT Pension Plan remains in the "green zone" for 2020.
NEW 25% Pension Bonus Granted for Service in 2020
The Trustees have granted a special one-year 25% pension bonus under the Plan's contribution account benefit formula for the year 2020, increasing the benefit percentage from 1.2% to 1.5% of contributions for that year. Therefore, Plan participants will earn a higher pension for every hour of covered work for 2020. The Trustees were pleased to grant this bonus in light of the Plan’s recent funding improvements and accelerated path toward its funding targets.
Now retirees and beneficiaries can log in to their WCT Prudential accounts for 24-hour access to benefit payments. At this site, they can update direct deposit and tax elections, view and print tax documents and more.