Western Conference of Teamsters Pension Trust
Good News for Pension Participants
This update is for Local 58 members and retirees covered by the Western Conference pension plan.
The 33% bonus accrual has been extended through 2027.
Covered work performed in 2027 will earn an accrual rate of 1.6% of contributions, compared with the standard rate of 1.2%.
What members should know
- Eight straight years of bonus accruals: The 2027 extension marks the eighth consecutive year that a bonus has been credited.
- More pension earnings: An active participant who worked in covered employment from 2020 through 2027 will have earned bonuses equal to more than two additional years of pension earnings at the standard accrual rate.
- Added protection for 2024 retirees: Participants who retired in 2024 are now included in the Trust's derisking program. Their expected lifetime benefit payments are supported by a dedicated portfolio of high-quality bonds.
- More than $34 billion dedicated to retiree payments: The bond portfolio is designed to help protect those payments from stock market swings and broader economic uncertainty.
- Trust assets exceed $60 billion: Draft financials show that Trust assets reached an all-time high as of June 30, 2026.
Bottom line: The Trustees report that the plan remains financially strong and continues to improve protections for active participants and retirees.
VISIT THE PENSION TRUST WEBSITE
Download the attached September 28, 2026 Trust letter below to read the complete announcement from the Western Conference of Teamsters Pension Trust.
