Important News – Read More below!
Bonus Accrual Rate Extended for the Year 2027!
We are Still a Green Zone Plan!
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 231,000 active participants through pension agreements negotiated by local unions with more than 1,320 employers nationwide. Find answers to common questions about the WCT Pension Plan for prospective participants and employers.
Major Benefit Improvement Approved for 2027 NEW
Extending the string of benefit improvements to 8 years of bonus accruals, the Trustees of the Western Conference of Teamsters Pension Trust approved a major benefit improvement at a special September 2026 Board meeting.
Bonus Accrual Rate Extended Through 2027
Effective January 1, 2027, the WCTPT Trustees approved an extension of the 1.6% bonus accrual rate through December 31, 2027. This accrual rate applies to all participants regardless of the years of service the participant has earned. The accrual rate will return to 1.2% as of January 1, 2028. The accrual rate for earning non-contributory service remains at 1.2%
Click here to see the Buying Power of Bonus Accruals for work in 2020 – 2027 using a comparison of 1.2% vs. 1.5% (in 2020) or 1.6% (2021-2027) for common contribution rates.
NEW Latest Important Notices and Publications
OCTOBER 2026
Audited Financial Statements for Year Ending 12/31/2025
January 1, 2025 Actuarial Report
Form 5500 for Year Ending December 31, 2025
Multiemployer Pension Plan “FASB” Disclosures
Letters from the Trust Chairmen
Letter from Union Chairman NEW
The Union Chairman and Vice Chairman explain the recent Trustee actions to improve benefits for work conducted through 2027 and to safeguard the benefits of existing retirees.
Letter from Employer Chairman NEW
The Employer Chair reports on recent Trustee actions to further secure the benefits or recent retirees and to extend benefit improvements for work conducted through 2027.
Letter from Union Chairman – April 29, 2026
In a letter to Participating Local Unions, the Union Chairman brings participants up to speed on the events, activities, and improvements that the Trust experienced in 2025.
Letter from Employer Chairman – May 8, 2026
In a letter to Contributing Employers, the Employer Chairman provides his annual update on the health of the pension plan (Plan) that safeguards the retirement security of your valued employees.
Personal Benefit Statements Were Mailed in May
The Administrative Office has processed Personal Benefit Statements for 2026. Mailing to most participants was scheduled for late May. Statements for some participants, however, were mailed in late July. This was to ensure adjustments are made to reflect accurate benefit calculations. Please contact your Administrative Office for specific Employers affected by this delay. Benefit statements are mailed 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 Administrative Office and verify your mailing address. Click here to see a sample statement. After the mailing, updated benefit statements will be available online. Click here to log in or register.
Website for Retirees and Beneficiaries
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.
Go Paperless! By opting-in for electronic communications through the Plan Member portal, you can reduce clutter around your home and help the Plan save money on rising postage and paper costs. Once logged in to the portal, click on the Preferences tab to make your opt-in election.