Notice of Endangered Status for the 2018 Plan Year for Teamsters Pension Plan of Philadelphia & Vicinity

This document is about a notice informing the recipients that the Teamsters Pension Plan of Philadelphia & Vicinity has been certified as being in endangered status for the 2018 plan year. The plan's January 1, 2018 funded percentage is 72.4%, which is less than 80%. As required by federal law, the Trustees have adopted a funding improvement plan to help the plan emerge from endangered status by the end of the funding improvement period through various benefit reductions and supplemental contribution increases.