Pension Benefits

The Teamsters Pension Trust Fund of Philadelphia and Vicinity is a Multi-employer, defined benefit pension plan that covers over 10,500 Teamsters and other union members in the greater Philadelphia metropolitan area. In addition, the Fund covers 12,900 retired members who already receive a monthly pension payment. The Fund was formed to provide participating employees and employers with an affordable, comprehensive and efficient retirement program. Today, hundreds of employers contribute to the Plan, giving Teamsters a great deal of flexibility in planning their futures, for their pensions are portable among all of these participating employers. A link to the left will direct you to an alphabetical listing of those contributing employers. The Pension Fund has been ruled by the Internal Revenue Service to be a qualified trust under Section 401(a) of the Internal Revenue Code and exempt from income tax under the provisions of Section 501(a) of that Code. (While the Trust Fund itself is tax exempt, the benefits it pays to its retired participants are fully taxable as ordinary income.) Use the links at the left to learn more about the terms of the Plan (Summary Plan Description), download forms (Forms Gallery), have your questions answered (Frequently Asked Questions), learn about the Fund’s financial condition (Annual Report), or ask us a question about the pension program that you need answered (Requests). Click here to see a copy of the Annual Funding Statement.