Welcome

ATTENTION WCTPT RETIREES – December 1, 2016

The payer of WCTPT monthly retirement and disability benefits, Prudential Insurance Company, has advised that all EFT payment transmissions for December 1 did not post properly. Prudential has the problem in hand and the payment file is now working its way through the EFT system. We have confirmed that the payments will post tonight and the vast majority of funds to payees will be available tomorrow morning, December 2. We deeply regret this inconvenience and will keep you updated at this site if new developments emerge.

Welcome

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 200,000 active participants through pension agreements negotiated by local unions with more than 1,400 employers predominantly in 13 Western states. Read more about the Trust.


Personal Benefit Statements Mailed in Late May

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 did not receive one, contact your Area Administrative Office and verify your mailing address. Click here to see a sample statement.


2016 Actuary's Letter on Plan Funding Status

This Actuarial Certification with Explanation and 2016 Funding Certification (required by the Pension Protection Act) states that the WCT Pension Plan remains in the "green zone" for 2016.


Letter from Employer Chairman

See the latest letter to Contributing Employers from the Employer Chairman of the Trust reviewing the 2015 investment results, the Plan’s funding status and other issues.


Letter from Union Chairman

See the letter dated April 15, 2016 from the Union Chairman of the Trust to Teamster Joint Councils and Local Unions participating in the WCT Pension Plan. He provides an update on the Plan’s most recent investment performance and funding status while explaining both the challenges and opportunities in the year ahead.


Website for Retirees and Beneficiaries

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.


Updated Summary Plan Description

The 2013 Summary Plan Booklet was mailed in the Fall of 2013 to the homes of active participants, retirees and beneficiaries. If you did not receive your copy, contact your Area Administrative Office.


New Address for the Northern CA Area Administrative Office

Effective December 7, 2015, the Northern California Area Administrative Office has relocated to:

1000 Marina Boulevard, Suite 400 Brisbane, CA 94005-1841.