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The Alaska Teamster-Employer Pension Trust is a multi-employer plan funded by employers whose Teamster employees, through the collective bargaining process, elect to participate in the plan.
The Plan Document specifically defines how benefits are earned, when they will be paid, and the amount of benefit accrual. 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. 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. You may use our toll free (800) 478-4450 number if you are calling from outside of the Anchorage area.
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.
The Pension Trust has a booklet available to participants which describes the benefit plan. Or visit the Pension and Welfare Trusts website at www.959trusts.com for more detailed information about the benefits and services available from the Pension Trust. If you have questions regarding your Pension Trust benefits, please email them at: email@example.com.