The Western Pennsylvania Teamsters and Employers Pension Plan, based in Pittsburgh, PA, covers 21,110 participants in the transportation industry. The plan has received special financial assistance grants totaling $994 million, ensuring the continued payment of retirement benefits without reduction for many years into the future.
Under the American Rescue Plan Act of 2021, the plan successfully applied for and received a second special financial assistance grant of $279.6 million in addition to the initial grant of $715 million. This significant funding has dramatically improved the plan's funding percentage and secured the retirement benefits earned by workers, retirees, and their families.
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