The Executive Board of Local 853, effective November 1, 2008, raised the Life with Dues amount to $10,000 for the death of a member, and $2,000 for the death of a member's spouse.
On the second Wednesday of every month, a representative from the Western Conference of Teamsters Pension Administrator comes to Local 853's San Leandro office to answer your pension questions. Call 510-895-8853 or 800-400-1250 for an appointment.
Most Local 853 members are eligible for the SIP 401(k) Plan. If you are not yet enrolled, or wish to increase your pre-tax deferred amounts -- check with your business agent, your company's HR department, or call 1-800-4-PRETAX [1-800-477-3829].
It's official. The Western Conference of Teamsters Pension Plan allocation rate for the year 2008 will be raised to 2.0% (and to 2.65% for active participants with 20 years or more). According to Secretary-Treasurer Rome Aloise, who serves as a Trustee for the WCT plan, this increase reflects the trustees' commitment to reinstating the accrual rates as responsibly and prudently as possible. With no withdrawal liability, ours is one of the country's most financially healthy and secure plans.