Dear Member:

The Teamsters Pension Trust Fund of Philadelphia and Vicinity is a retirement plan established to provide you with the security of retirement income for your future. Remember, the benefits you will receive under this Pension Plan are in addition to your Social Security Benefits.

The purpose of this booklet is to give you an understanding of how the Pension Plan works and how it affects you personally. To make reading easier, legal and technical terms have been left out wherever possible. However, it is not intended that this booklet modify or change in any manner the complete official text of the Pension Plan and Trust Agreement upon which this booklet is based. Therefore, in the event of any discrepancies between this booklet and the actual documents, the actual documents (that is, the official text of the Pension Plan or Trust Agreement) will govern.

The Pension Plan is maintained for the exclusive benefit of those employees who are in bargaining units which are covered by written collective bargaining agreements between participating Local Unions, most of whom are affiliated with the International Brotherhood of Teamsters, and various employers who are parties to this Pension Plan. In addition, the Plan permits participation by classes of employees (Local Union employees and Fund office employees) working in covered employment who participate in the Plan by reason of Participation Agreements other than collective bargaining agreements.

The Pension Plan is supported by contributions made by Covered Employers who pay the full cost of the Pension Plan; you are not required (nor are you permitted) to pay any part of the cost. The Administrator will furnish you, upon written request, information as to who are the Covered Employers and which unions are party to the Pension Plan. Contributions to the Pension Plan are based on the number of hours an employee works or is paid for in Covered Employment, depending upon the language in the governing collective bargaining agreement.

The Pension Plan is a multiemployer defined benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 ("ERISA"), as amended. What this means is that your pension is based on a formula which takes into account your years of service in the Pension Plan and your Covered Employer's contribution rate. There are no individual accounts established to which a Covered Employer's contributions are credited on your behalf. The Pension Plan provides pension retirement, survivor and disability benefits to those persons satisfying the eligibility requirements listed in the Pension Plan. No member or beneficiary has any right, title or interest to the Pension Trust Fund other than any right he may have to benefits in the Pension Plan.

The Pension Plan was established pursuant to a Trust Agreement between Motor Transport Labor Relations, Inc. (now known as Transport Employers Association) on the one hand and Teamsters Local Union Nos. 107, 312, 331, 384, 470, 676 and 929, on the other.

This booklet describes the terms of the Plan on January 1, 2008, for individuals in Covered Employment as of that date. If you were no longer in Covered Employment as of January 1, 2008 you should contact the Administrator regarding whether your benefit is determined by Plan provisions other than those described in this booklet.