Graphic Communications Conference of the International Brotherhood of Teamsters
National Pension Fund
LATEST update . . .
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 © 2019. 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
In July, the House of Representatives provided some
positive news regarding a possible solution to the
Multiemployer Pension Crisis when it passed House Resolution 397 "The Rehabilitation for Multiemployer Pensions Act" (click here for information on HR 397). Now it goes to the Senate where similar legislation,
S. 2254 "Butch Lewis Act of 2019", has been introduced and referred to the Senate Finance Committee for review (click here for information on S. 2254)
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The current projection of the Fund's Actuary indicates 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 2019 Pension Communicator
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You can also go to the Fund's Legislative Tools page for materials to assist you to urge your Senator to support pending legislation. The Legislative Tools page contains information on how to find your Senator's phone number and address along with sample letters intended to urge Senators to take action to save pension plans like the National Pension Fund
CLICK ON THE RECTANGULAR NAVIGATION TABS ABOVE TO ACCESS
INFORMATION, FORMS AND TO CONTACT THE FUND OFFICE BY ELECTRONIC MESSAGE
YOU CAN ALSO CALL THE 24 HR TOLL FREE INFO LINE AT
877-888-2935
FOR MORE INFORMATION OR TO LEAVE A MESSAGE
*** TAKE ACTION NOW ***
Call your U.S. Senator
Click here to download a
Click here to view our
Legislative Tools page
Now is a critical time to contact your Senators and let them know that you are a constituent of theirs and that you encourage them to support S. 2254 which, along with HR 397, are the only pieces of legislation currently active which would allow for participants to continue to receive the benefits they earned. Democratic Senators have supported this legislation, however, in order for this law to be signed by the President, it must first pass the Senate and to date, Senate Republicans have not shown support for the bill. For that reason, it is important for as many participants as possible to contact their Republican and Democratic Senator and urge them to support this legislation. Please let us know if you would like any assistance in planing or prepping for your contact with your Senators. To contact us, just click on this link CONTACT US
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