Annual Funding Notice
For The
Western Pennsylvania Teamsters And Employers Pension Plan

December 10, 2008

Introduction 

This notice, which federal law requires all multiemployer plans to send annually, includes important information about the funding level of Western Pennsylvania Teamsters and Employers Pension Fund, Plan Number 001, EIN 25-6029946 (Plan). This notice is required to report to you information for the plan year beginning January 1 and ending December 31, 2007 (Plan Year), but provides additional information for the plan year beginning January 1, 2008 as well. 

Plan's Funding Level 

The Plan's "funded percentage" as of January 1, 2007 was 69.6%. This percentage improved as of January 1, 2008 to 71.2%. In general, the higher the percentage, the better funded the plan. The funded percentage, however, is not indicative of how well a plan will be funded in the future or if it terminates. Whether this percentage will increase or decrease over time depends on a number of factors, including how the plan's investments perform, what assumptions the plan makes about rates or return, whether employer contributions to the fund increase or decline, and whether benefit payments from the fund increase or decline. 

Plan's Financial Information 

The market value of the Plan's assets as of January 1, 2007 was $1,105,877,423. The total amount of benefit payments for the January 1, 2007 through December 31, 2007 Plan Year was $104,772,447. The ratio of assets to benefit payments is 10.6 times. This ratio suggests that the Plan's assets could provide for approximately 10.6 years of benefit payments in annual amounts equal to what was paid out in the Plan Year. However, the ratio does not take into account future changes in total benefit payments or plan assets. As of January 1, 2008, the market value of the Plan's assets was $1,132,646,558. We cannot yet report the ratio of assets to benefit payments for 2008 until the year is concluded. 

Where To Get More Information 

For more information about this notice, you may contact the Board of Trustees, Western Pennsylvania Teamsters and Employers Pension Fund at 49 Auto Way, Pittsburgh, PA 15206-3663, telephone 412-362-4200 Toll Free 800-362-4201, email: contactus@wpapensionfund.com.

BOARD OF TRUSTEES
WESTERN PENNSYLVANIA
TEAMSTERS & EMPLOYERS
PENSION FUND