IBT Pension Funds

Fund Name Status Date Deficiency Date Years to Deficiency Comments
Suburban Teamsters of Northern Illinois Red 04/26/13 01/01/13 9 Plan in deficiency
IBT Local 945 Red 03/31/13 01/01/13 4 Plan in deficiency for five years already, barred from paying lump sum benefits, advised that benefits may have to be reduced or adjusted down
Cleveland Bakers and Teamsters Pension Fund Red 03/29/13 01/01/13 0 Plan in deficiency for six years, advised that benefits should be reduced
Bindery Industry Employees/IBT Red 03/28/13 12/31/14 5 Plan is funded to 46.8%
IBT Local 445 Red 03/30/13 01/01/13 NA Plan fell below 80% funded
IBT Local 469 Red 03/31/13 01/01/13 9 Plan in deficiency for six years, advised that benefits should be reduced
IBT Local 837 Red 03/31/13 01/01/13 0 Plan in deficiency for three years, advised that benefits should be reduced
Western Pennsylvania IBT Red 03/31/13 01/01/14 0 Plan in deficiency for three years, advised that benefits should be reduced
Excavators and Pavers Pension Fund Red 03/29/13   7 Plan is funded to 65.64%
Virginia Pension Plan Yellow 03/31/13   NA Plan is funded to 72.0%
Philadelphia and Vicinity Yellow 03/31/13   NA Plan is funded to 74.4%
Alaska IBT Fund Red 09/28/12 07/01/12 9 Plan in deficiency
Textile and Laundry Craft Red 06/29/12 04/01/12 4 Plan in deficiency
Teamsters Industrial Pension Plan Red 01/01/12   10 Plan in deficiency
IBT Local 102 Red 06/29/12 01/01/12   Prior years rehab plan not put in to effect by Trustees
IBT Local 11 Red 06/29/12 01/01/12   Plan in deficiency for three years, advised that benefits should be reduced
IBT Local 115 Red 03/29/12 01/01/12 9 Plan in deficiency already, barred from paying lump sum benefits, advised that benefits may have to be reduced or adjusted down
IBT Local 469 Red 03/30/12 01/01/12 9 Plan in deficiency for four years, advised that benefits should be reduced
IBT Local 617 Red 05/29/12 03/01/12 10 Plan in deficiency
IBT Local 641 Red 05/28/12 03/01/12 0 Plan in deficiency for five years, advised that benefits should be reduced
IBT Local 804 Red 01/01/12 01/01/13 3 Plan in deficiency
IBT Local 837 Red 03/30/12 01/01/12 3 Plan in deficiency for three years, advised that benefits should be reduced
Van Drivers Division Red 09/19/12 07/01/12   Plan in deficiency already, advised that benefits should be reduced
IBT Local 418 Red 05/01/12     Plan in deficiency
IBT Local 52 Red 03/30/12 01/01/12 4 Plan in deficiency

 

These are articles the DOL Fund Notices show that the DOL has notified the IBT many times that pension funds were going broke.

http://www.tdu.org/news/kansas-city-teamsters-speak-out-central-states-pension-fund

https://tdu.org/news/ibt-backs-plan-allow-some-pension-cuts

http://dailycaller.com/2013/04/18/teamsters-pension-crisis-sapping-hoffas-support-power/

http://washingtonexaminer.com/fears-grow-over-teamsters-pension-fund/article/2526468

http://www.thestreet.com/story/11935222/1/pension-plan-helps-iam-in-campaign-at-us-airways.html

 

DOL Pension Fund Warnings For IBT Pension Plans

http://www.dol.gov/ebsa/pdf/c-notice061213032.pdf

http://www.dol.gov/ebsa/pdf/c-notice040113010.pdf

http://www.dol.gov/ebsa/pdf/c-notice061213006.pdf

http://www.dol.gov/ebsa/pdf/c-notice061213004.pdf

http://www.dol.gov/ebsa/pdf/c-notice051013026.pdf

http://www.dol.gov/ebsa/pdf/c-notice040113013.pdf

http://www.dol.gov/ebsa/pdf/c-notice061213033.pdf

http://www.dol.gov/ebsa/pdf/c-notice051013028.pdf

http://www.dol.gov/ebsa/pdf/e-notice061213010.pdf

http://www.dol.gov/ebsa/pdf/e-notice051013047.pdf

http://www.dol.gov/ebsa/pdf/e-notice061213022.pdf

http://www.dol.gov/ebsa/pdf/c-notice121912002.pdf

http://www.dol.gov/ebsa/pdf/c-notice092812024.pdf

http://www.dol.gov/ebsa/pdf/c-notice030413006[1].pdf

http://www.dol.gov/ebsa/pdf/c-notice071312024.pdf

http://www.dol.gov/ebsa/pdf/c-notice071312030.pdf

http://www.dol.gov/ebsa/pdf/c-notice092812045.pdf

http://www.dol.gov/ebsa/pdf/c-notice082712032.pdf

http://www.dol.gov/ebsa/pdf/c-notice082712033.pdf

http://www.dol.gov/ebsa/pdf/c-notice092812046.pdf

http://www.dol.gov/ebsa/pdf/c-notice082712034.pdf

http://www.dol.gov/ebsa/pdf/c-notice082712035.pdf

http://www.dol.gov/ebsa/pdf/c-notice062512017.pdf

http://www.dol.gov/ebsa/pdf/c-notice051812015.pdf

http://www.dol.gov/ebsa/pdf/c-notice110912018.pdf

http://www.dol.gov/ebsa/pdf/c-notice071312031.pdf

http://www.dol.gov/ebsa/pdf/c-notice071312032.pdf

http://www.dol.gov/ebsa/pdf/c-notice042312032.pdf