Teamsters Local 162
Great News: Western Conference Pension Announces Increase to Accrual Rate
Updated On: Apr 26, 2021
Local 162 participated in a region wide conference call with Chuck Mack, Union Chairman of the Western Conference of Teamsters Pension Trust.  Mack announced that as a result of strong financial performance the Trustees approved an increase to the annual accrual rate (one of the calculations used to increase your monthy pension rate on retirement) from 1.2% to 1.6%.  The increase is retroactive to January 1, 2021 and continues at that rate through the end of 2023.  Official notice from the Pension Trust to participants is forthcoming via US mail and can also be accessed by going to the following link:  http://wctpension.org/forms-documents/plan-documents
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Updated: Jun. 19 (08:43)

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