Teamsters Joint Council No. 83 of Virginia
Health & Welfare and Pension Funds
Partial (Reciprocal) Pensions
If you have earned service under another Teamster pension plan, you could be wondering if that time will count towards your pension under this Fund. You may be eligible for a partial or reciprocal pension if your years of service are split between this Plan and another Teamsters pension plan that has signed a reciprocal agreement with this Plan. The other plans that sign a reciprocal agreement with this Plan are called "Related Plans". A reciprocal agreement states that the Plan will recognize service earned under the related plan toward eligibility for a pension from this Plan, and then pay its reciprocal share toward a pension. Pension service that you earn with a Related Plan is called "Relative Service". The total of your service with this Plan and any related plans is called your "Combined Service".
To qualify for a Partial Pension, you must submit a separate application to each plan and meet the eligibility requirements of each plan, such as age and years of service.
Eligibility Requirements from this Plan
You are eligible for a Partial Pension from this Plan if:
- you would be eligible for a pension from this Plan if your Combined Service was treated as if all of it had been earned under this Plan;
- you have earned at least two years of Benefit Accrual Service (BAS) under this Plan based upon contributions paid on your behalf into this Pension Fund;
- you are approved for a Partial Pension from the Related Plan; and
- you do not receive any other type of pension from this Plan or the Related Plan.
In some instances the two year requirement noted above has been reduced to one year when the Related Plan has signed a unilateral agreement with this Plan to accept one year as well.
Breaks Between this Plan and a Related Plan
The break in service rules apply to Partial Pensions. However, you will not suffer a permanent break if you do not earn any service under this Plan or a Related Plan for less than five years in a row.
Payable Amounts under Partial Pensions
The amount payable under a Partial Pension from this Plan is calculated as follows:
- Determine the benefit amount payable under this Plan based upon the Combined Service;
- Divide the years of Benefit Accrual Service earned under this Plan by the total years of Combined Service. (Service earned prior to January 1, 1955 is excluded from these totals.)
- Multiply the benefit amount determined in step 1 above by the percentage in step 2.
You will need to contact the Related Plan for the amount payable under a partial pension with their plan. Each Plan and Fund has its own rules and regulations that you must follow in applying for and receiving benefits. If you are approved for partial pensions by two plans, you will receive two pension payments, one from each plan involved.
Contact Information for Other Possible Reciprocal Plans
Central States Pension FundP.O. Box 5109
Des Plaines, IL 60017-5109
Local Phone Number: (847) 518-9800
Toll Free Phone Number: (800) 323-5000
Central Pennsylvania Teamsters Pension FundP.O. Box 15223
Reading, PA 19612-5223
Toll Free Phone Number: (800) 331-0420
Richmond Teamsters and Industry Pension Fund (Bakery Fund)American Benefit Corporation
609 3rd Ave
Chesapeake, OH 45619
Toll Free Phone Number: (866) 313-2088
Teamsters Local 639 Employers Pension Trust Fund3130 Ames Place, NE
Washington, DC 20018
Local Phone Number: (202) 636-8181
Toll Free Phone Number: (800) 983-2699
UPS Pension Plan for Part-Time Employees55 Glenlake Parkway
Atlanta, GA 30328
Local Phone Number: (404) 828-6000
Toll Free Phone Number: (800) 643-4442
|Please note, the three funds listed below are not reciprocal with this Fund:|
|Teamster-UPS National 401(k) Tax Deferred Savings Plan
Toll Free Phone Number: (800) 537-0189
|UPS/IBT Full-Time Employee Pension Plan
(UPS employees formerly under Central States Pension Fund)
|UPS Retirement Plan
(For non-union and management employees)
Toll Free Phone Number (800) 643-4442