Western Pennsylvania Teamsters And Employers Pension Plan
March 28, 2007
TO ALL CONTRIBUTING EMPLOYERS AND PARTICIPATING LOCAL UNIONS CONCERNING
COLLECTIVE BARGAINING REQUIREMENTS EFFECTIVE JULY 1, 2007
The Trustees of the Western
Pennsylvania Teamsters and Employers Pension Fund (“Pension Fund”),
on February 6, 2007, took action to implement certain requirements for
collective bargaining agreements and Participating Agreements that provide
for the payment of pension contributions to the Pension Fund. These requirements
will be effective July 1, 2007, and are required in order to improve the
funding status of the Pension Fund and to ensure the Pension Fund’s
compliance with the Pension Protection Act of 2006.
Effective July 1, 2007, the
Pension Fund will not accept pension contributions pursuant to a new or
renewed collective bargaining agreement, or a new or renewed Participation
Agreement, which is effective on or after July 1, 2007, and which includes
one or more of the following provisions:
- Directly or indirectly provides
for the exclusion of new hires or any other employees included in the
collective bargaining unit.
- Creates a new lower weekly
contribution rate tier
- Provides for a decrease
in the weekly contribution rate of any existing classification of employees.
All new or renewed collective
bargaining agreements or Participation Agreements effective on and after
July 1, 2007 will be reviewed by the Pension Fund, and a collective bargaining
agreement or a Participation Agreement will be rejected if it violates
the above-noted provisions.
If you have any questions concerning
this notice, please contact the Trustees of the Western Pennsylvania Teamsters
and Employers Pension Fund, at the Pension Fund Office, located at 49
Auto Way, Pittsburgh, PA 15220, toll free phone number 1-800-362-4201.
OF THE WESTERN PENNSYLVANIA
TEAMSTERS AND EMPLOYERS