hb```f``e cax4lMny:{.Wx+2@>;ud;X%8f,C!Dh VpShn@~f>:@ vq We have enjoyed substantial growth The next General Membership meeting is Sunday, May 21, 2023. 8:00 a.m. to 7:00 p.m. Eastern Time Monday Through Friday endstream endobj 94 0 obj <. New Eng. %PDF-1.6 % xEPHG8jQzn}QLXxkcMnG)x)H75TXI`;B0+(B-InS2fk!v}: ~K@6lQ fpWbxtor$`-PxlL\Wx.W8k"ND`W-NQ,-#+{T08ObG[EQ|h>n@Pb5TNhvc#Dai`z)d>KlpC>wgi0n,tiUV$qcg Kt\2b3/OA83$A6I$+a3=B. The trucking industry in New York provides more than 270,000 jobs, or 1 out of 27 in the state, paying wages in excess of $16 billion annually. A number of Teamster funds will be eligible to receive relief under the act, including the Central States Pension Fund, the Western Pennsylvania Pension Fund, the New York State Teamsters Pension Fund, the Mid-Jersey Trucking and Local 701 Pension Fund, the New England Teamster & Trucking Industry Fund, and the Road Carriers Local 707 Pension . Register today and get ready to build union power with Teamsters from across the country. If less than that is needed, then less will be spent. The fund implemented cuts in 2009. Live news updates from April 24: LVMH hits $500bn market value, Tucker Special Financial Assistance by PBGCWithdrawal Liability Condition Exception, Adjustment ofCivil Penalties for Inflation, Special Financial Assistance by PBGC (Final Rule), Adjustment of Civil Penalties for Inflation, Special Financial Assistance by PBGC (Interim Final Rule), Rescission of Pension Benefit Guaranty Corporation Rule on Guidance, Methods for Computing Withdrawal Liability, Multiemployer Pension Reform Act of 2014, Privacy Act Regulation; Exemption for Insider Threat Program Records, Administrative Review of Agency Decisions, Miscellaneous Corrections, Clarifications, and Improvements, Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors, Owner-Participant Changes to Guaranteed Benefits and Asset Allocation, Mergers and Transfers Between Multiemployer Plans. All claims are processed at the Fund Office, which is located in Burlington, MA, under the direction of the Fund Manager. Priority will be given to those funds that are near to insolvency, those that have cut benefits, and that are especially large. These Need New Leaders to Negotiate Next Contract, UPS came after our benefits and retiree healthcare in the last contract and Hoffa-Hall failed the test. regarding your participation in the Pension Fund. No. Burlington, Massachusetts 01803-4768, Telephone, Local: 1-781-345-4400 uuid:cefcfc7c-31a6-9947-9aac-6cfdfa589728 In this case concerning the potential liability of two private equity funds for pension fund withdrawal owed by a company owned by the two funds when the company went bankrupt, the First Circuit reversed the judgment of the district court holding the two funds jointly and severally responsible for the company's withdrawal liability, holding that summary judgment should be granted to the two funds. endstream endobj 86 0 obj <> endobj 87 0 obj <> endobj 88 0 obj <> endobj 24 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 28 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageB]/Properties<>>>/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 32 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 36 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageB]/Properties<>>>/XObject<>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 40 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>>>/Rotate 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 119 0 obj <>stream Brown also pulled out of the New England Teamsters & Trucking Industry Pension Fund in 2012, by going into a hybrid arm of the New England Fund at a lower rate with a 10-year freeze on benefits. UPS, Teamsters to Restructure New England Pension Plan Trucking Industry Pension Fund website. PDF New England Teamsters and Trucking Industry Pension Fund (203) 624-5185 = |@fE_L6mhwY%}P\*.1%yWI,.B| `I>t+~jF;qI?IdxN6g: jq]oWIm5|t6fw^0v2v5C:P+:[X1D&tVfc;a8n$k-(vzpqv);(BScU3>|vqB_ye)Q)j4aupWK7?14a can be contacted at: New Haven, CT. 06511 As always, your Pension Fund Trustees will do everything they can in order to make the New England Teamsters and Trucking Industry Pension Fund a stable and reliable source of retirement income for all of you. The U.S. Bureau of Labor Statistics reported that truck drivers, heavy and tractor-trailer, held 58,280 jobs. %%EOF There are 19,000 working participants, 32,000 retirees receiving benefits, and 20,000 vested who can receive future benefits. After that, it would not be eligible. The Fund is qualified under IRC Section 401(a) and acts as a multi- employer, defined benefit plan within the meaning of IRC Sections 414(f) and (j).

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