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Collective Bargaining Requirements
For The
Western Pennsylvania Teamsters And Employers Pension Plan


March 28, 2007

NOTICE 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:

  1. Directly or indirectly provides for the exclusion of new hires or any other employees included in the collective bargaining unit.
  2. Creates a new lower weekly contribution rate tier
  3. 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.

 

 

TRUSTEES OF THE WESTERN PENNSYLVANIA
TEAMSTERS AND EMPLOYERS
PENSION FUND



 

 

 

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