Health & Welfare and Pension Funds
of Philadelphia and Vicinity

History of the Funds

The Health and Welfare Fund was established in 1951 and the Pension Fund in 1957. The two Funds have approximately 35 employees, who administer benefits for tens of thousands of Teamster members, dependents and retirees in several states, primarily, Pennsylvania, New Jersey and Delaware.

The Health and Welfare Fund provides benefits for over 27,000 employees and dependents. In 2005, the Health and Welfare Fund paid more than $90 million in benefits. As of December 31, 2002, the Fund's net assets available for benefits exceeded $37 million.

The Pension Fund ranks as one of the top 600 Pension Funds in the United States, with more than 10,500 active participants and benefit payments to more than 12,900 retirees and surviving spouses each month. Benefit payments in 2005 exceeded $120 million. The Fund's assets as of December 31, 2005 totaled approximately $1.4 billion. 

 Last Date Updated :  08/09/11