An Overview Of The Plan

The Western Conference of Teamsters Pension Plan: A History of Providing for Retirees

An Overview of the Plan

The Western Conference of Teamsters (WCT) Pension Plan was established in 1955 through collective bargaining between labor and management. The plan was designed to provide participating employees and employers with an affordable, comprehensive pension plan.

Key Features of the Plan

The WCT Pension Plan offers a number of key features, including:

• Early retirement benefits
• Disability benefits
• Survivor benefits
• Death benefits

The plan is also portable, meaning that participants can move their benefits with them if they change jobs.

Funding the Plan

The WCT Pension Plan is funded through contributions from both employees and employers. Employee contributions are made through payroll deductions, while employer contributions are made through a variety of methods, including contributions to the plan's trust fund and payments to the plan's insurance fund.

Investment Strategy

The WCT Pension Plan's investment strategy is designed to provide a secure and stable source of income for retirees. The plan's investments are diversified across a variety of asset classes, including stocks, bonds, and real estate.

Benefits of the Plan

The WCT Pension Plan provides a number of benefits to participants, including:

• A secure and stable retirement income
• Protection against disability, death, and other financial setbacks
• The opportunity to save for retirement through payroll deductions
• The portability of benefits between jobs