Graphic Communications Conference of the International Brotherhood of Teamsters
National Pension Fund
LATEST NEWS . . .
455 Kehoe Blvd., Suite 101 | Carol Stream, Illinois 60188 | Telephone: 630-871-7733 | Fax: 630-871-0666 | Internet: www.gccibt-npf.org
( Formerly the Graphic Communications Conference of the International Brotherhood of Teamsters Supplemental Retirement & Disability Fund )
Copyright © 2018. All Rights Reserved. GRAPHIC COMMUNICATIONS CONFERENCE OF INTERNATIONAL BROTHERHOOD OF TEAMSTERS NATIONAL PENSION FUND TM. The use of this website is subject to the Legal Conditions and Terms of Use, and by proceeding, you acknowledge your acceptance of these terms at
GCC/IBT-NPF
which discusses possible legislation to stabilize multiemployer pension
plans like the NPF
The Multiemployer Pension Crisis is looming and Congress
is finally considering the real life implications. Read the lead
article in the August 2018 Pension Communicator entitled "Congressional Joint Select Committee Discussing Possible Solutions to Multiemployer Pension Plan Crisis" (click on the
link above)
The Fund's Actuary continues to project that the Fund will become insolvent sometime during the Plan Year May 1, 2022 thru April 30, 2023. NOTE: All stakeholders should be cautious and realize that if the Fund was to encounter unfavorable investment results in the current or future years, the date of insolvency could be accelerated because of the fragile financial condition of the Fund. See the most current Annual Funding Notice and Critical and Declining Status Notice contained within the August 2018 Pension Communicator
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Go to the Fund's Legislative Tools page to urge your Legislator to support the "Butch Lewis Act of 2017" currently being considered by the Joint Select Congressional Committee. The Legislative Tools page contains links to an online letter campaign, online petition and sample letters intended to urge legislators in Washington to take action to save plans like the National Pension Fund
Read the NPF letter
to the Joint Select Committee regarding legislation to stabilize multiemployer pension funds like the NPF
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877-888-2935
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