Teamster pension plans

Teamster pension plans are retirement benefit programs negotiated by the International Brotherhood of Teamsters for its members. These plans are typically funded through contributions from both employees and employers, and they provide pension payments to eligible members after retirement based on factors like years of service and earnings. Managed jointly by trustees, these plans aim to secure financial stability for members in their later years, offering a reliable source of income, and are regulated to ensure proper funding and fair administration.