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Seriously Underfunded Teamster Pension Funds
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<blockquote data-quote="JonFrum" data-source="post: 392282"><p>"Under Federal pension law, if a multiemployer pension plan is determined to be in critical or endangered status, the plan must provide notice of this status to participants, beneficiaries, the bargaining parties, the Pension Benefit Guaranty Corporation and the Department of Labor. This requirement applies when a plan has funding or liquidity problems, or both, as described in the Federal law. If a plan is in critical status, adjustable benefits may be reduced and no lump sum distributions can be made. Pension plans in critical and endangered status are required to adopt a plan aimed at restoring the financial health of the pension plan."</p><p></p><p><strong>Critical Status Notices:</strong></p><p>Cleveland Bakers and Teamster Pension Fund</p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0420080009.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0420080009.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 210 Pension Plan </p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0720080032.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0720080032.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 469 Pension Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0720080015.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0720080015.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 575 Pension Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0720080011.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0720080011.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 731 Textile Maintenance and Laundry Craft Pension Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0720080031.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0720080031.pdf</a></p><p></p><p>International Brotherhood of Teamsters Union Local No. 52 Pension Fund</p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0720080013.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0720080013.pdf</a></p><p></p><p>Union De Tronquistas De Puerto Rico, Local 901, Pension Plan </p><p><a href="http://www.dol.gov/ebsa/pdf/c-notice0520080004.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/c-notice0520080004.pdf</a></p><p></p><p><strong>Endangered Status Notices:</strong></p><p>International Brotherhood of Teamsters Local 705 Pension Plan </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0420080010.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0420080010.pdf</a></p><p></p><p>International Brotherhood of Teamsters Freight Drivers Local Union No. 557 Pension, Health & Welfare Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080018.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080018.pdf</a></p><p></p><p>International Brotherhood of Teamsters Joint Council No. 83 of Virginia Pension Plan</p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080038.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080038.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 177 Multiemployer Retirement Plan</p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0620080002.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0620080002.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 177 - UPS Multi-Employer Retirement Plan</p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080049.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080049.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 445 Construction Division Pension Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080040.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080040.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 731 Excavators and Pavers Pension Trust Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080020.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080020.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 804 & International Association of Machinists and Aerospace Workers Local 447 - UPS Multi-Employer Retirement Plan</p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0620080001.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0620080001.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 804 and International Association of Machinists Local 447 - UPS Multi-Employer Retirement Plan </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080048.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080048.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 813 and Local 1034 Severance and Retirement Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080033.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080033.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 814 Pension Trust Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080039.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080039.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local 837 Pension Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0520080001.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0520080001.pdf</a></p><p></p><p>International Brotherhood of Teamsters Local No. 436 Building Material Drivers Pension Fund </p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080054.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080054.pdf</a></p><p></p><p>New York State International Brotherhood of Teamsters Conference Pension and Retirement Fund</p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080005.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080005.pdf</a></p><p></p><p>Western Pennsylvania Teamsters and Employers Pension Fund</p><p><a href="http://www.dol.gov/ebsa/pdf/e-notice0720080024.pdf" target="_blank">http://www.dol.gov/ebsa/pdf/e-notice0720080024.pdf</a></p><p></p><p>SOURCE: <a href="http://www.dol.gov/ebsa/criticalstatusnotices.html" target="_blank">http://www.dol.gov/ebsa/criticalstatusnotices.html</a></p><p>Note: Not all financially troubled Teamster-sponsored funds may be listed here. I only selected funds with "Teamster" in the title. </p><p></p><p>My New England Teamsters & Trucking Industry Pension Fund isn't listed yet, probably because it's fiscal year doesn't end until Sept 30th. (It's on "life support," though.)</p></blockquote><p></p>
[QUOTE="JonFrum, post: 392282"] "Under Federal pension law, if a multiemployer pension plan is determined to be in critical or endangered status, the plan must provide notice of this status to participants, beneficiaries, the bargaining parties, the Pension Benefit Guaranty Corporation and the Department of Labor. This requirement applies when a plan has funding or liquidity problems, or both, as described in the Federal law. If a plan is in critical status, adjustable benefits may be reduced and no lump sum distributions can be made. Pension plans in critical and endangered status are required to adopt a plan aimed at restoring the financial health of the pension plan." [b]Critical Status Notices:[/b] Cleveland Bakers and Teamster Pension Fund [url]http://www.dol.gov/ebsa/pdf/c-notice0420080009.pdf[/url] International Brotherhood of Teamsters Local 210 Pension Plan [url]http://www.dol.gov/ebsa/pdf/c-notice0720080032.pdf[/url] International Brotherhood of Teamsters Local 469 Pension Fund [url]http://www.dol.gov/ebsa/pdf/c-notice0720080015.pdf[/url] International Brotherhood of Teamsters Local 575 Pension Fund [url]http://www.dol.gov/ebsa/pdf/c-notice0720080011.pdf[/url] International Brotherhood of Teamsters Local 731 Textile Maintenance and Laundry Craft Pension Fund [url]http://www.dol.gov/ebsa/pdf/c-notice0720080031.pdf[/url] International Brotherhood of Teamsters Union Local No. 52 Pension Fund [url]http://www.dol.gov/ebsa/pdf/c-notice0720080013.pdf[/url] Union De Tronquistas De Puerto Rico, Local 901, Pension Plan [url]http://www.dol.gov/ebsa/pdf/c-notice0520080004.pdf[/url] [b]Endangered Status Notices:[/b] International Brotherhood of Teamsters Local 705 Pension Plan [url]http://www.dol.gov/ebsa/pdf/e-notice0420080010.pdf[/url] International Brotherhood of Teamsters Freight Drivers Local Union No. 557 Pension, Health & Welfare Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080018.pdf[/url] International Brotherhood of Teamsters Joint Council No. 83 of Virginia Pension Plan [url]http://www.dol.gov/ebsa/pdf/e-notice0720080038.pdf[/url] International Brotherhood of Teamsters Local 177 Multiemployer Retirement Plan [url]http://www.dol.gov/ebsa/pdf/e-notice0620080002.pdf[/url] International Brotherhood of Teamsters Local 177 - UPS Multi-Employer Retirement Plan [url]http://www.dol.gov/ebsa/pdf/e-notice0720080049.pdf[/url] International Brotherhood of Teamsters Local 445 Construction Division Pension Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080040.pdf[/url] International Brotherhood of Teamsters Local 731 Excavators and Pavers Pension Trust Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080020.pdf[/url] International Brotherhood of Teamsters Local 804 & International Association of Machinists and Aerospace Workers Local 447 - UPS Multi-Employer Retirement Plan [url]http://www.dol.gov/ebsa/pdf/e-notice0620080001.pdf[/url] International Brotherhood of Teamsters Local 804 and International Association of Machinists Local 447 - UPS Multi-Employer Retirement Plan [url]http://www.dol.gov/ebsa/pdf/e-notice0720080048.pdf[/url] International Brotherhood of Teamsters Local 813 and Local 1034 Severance and Retirement Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080033.pdf[/url] International Brotherhood of Teamsters Local 814 Pension Trust Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080039.pdf[/url] International Brotherhood of Teamsters Local 837 Pension Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0520080001.pdf[/url] International Brotherhood of Teamsters Local No. 436 Building Material Drivers Pension Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080054.pdf[/url] New York State International Brotherhood of Teamsters Conference Pension and Retirement Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080005.pdf[/url] Western Pennsylvania Teamsters and Employers Pension Fund [url]http://www.dol.gov/ebsa/pdf/e-notice0720080024.pdf[/url] SOURCE: [url]http://www.dol.gov/ebsa/criticalstatusnotices.html[/url] Note: Not all financially troubled Teamster-sponsored funds may be listed here. I only selected funds with "Teamster" in the title. My New England Teamsters & Trucking Industry Pension Fund isn't listed yet, probably because it's fiscal year doesn't end until Sept 30th. (It's on "life support," though.) [/QUOTE]
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