As a Teamster Local 959 member, your Employer may participate in the Alaska Teamster-Employer Pension Trust, if they agreed to participate in the Plan through collective bargaining. Visit them at www.959trusts.com for detailed information about the benefits and services available. Customer Service Representatives in Anchorage are fully trained to provide comprehensive information about the Plan. The Pension Office in Anchorage may be contacted at (907) 751-9700 or (800) 478-4450 or firstname.lastname@example.org. The amount of retirement benefits an employee can earn is based on the hourly contribution rate, the length of time worked under the Plan, and the age at which the employee retires.
The Pension Plan is governed by the Employee Retirement Income Security Act of 1974 (ERISA), the federal law which establishes the administrative criteria for all qualified pension plans. A joint Board of Trustees directs the Alaska Teamster-Employer Service Corporation, as the contract administrator, to manage the fund. The Board of Trustees is comprised of an equal number of employer representatives and employee (Union) representatives, who establish the investment policy of the fund and the manner in which benefits will be provided. This Board is charged with the responsibility of administering the Plan to the mutual benefit of all participants while maintaining the financial soundness of the Plan.