Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity have release a smartphone and tablet App available in iTunes and Google Play Store.
The new App allows members to logon to their secure portal to view their Work History, Census Information, and use the Pension Calculator. Members can also easily contact us, find Providers in your area, submit documents directly to us, and use a variety of other helpful features.
This App is another step in Teamster H&W and Pensions Fund’s never ending efforts to better serve its Funds’ participants.
New for iPhones, iPads and Android devices, the Teamster Health and Welfare and Pension Funds of Philadelphia and Vicinity App is a full featured app for all of the Funds’ participants to get easy access to a variety of resources all within the comfort of a smartphone or tablet.
Find Providers near you.
Access your personal benefit information.
Submit documents using your smartphone or tablet’s camera.
Get commonly used forms.
Get information about us, access to our social media feeds, and helpful links.
We care about your health and want to ensure you have the tools you need to maintain your good health! Since 2004, the Fund has sponsored a Disease Management/Wellness program to help members with moderate to chronic medical conditions maintain and improve their health. Beginning this March, the Teamsters Health and Welfare Fund has expanded its wellness program, which will now be known as WellTeam®, to include yearly wellness screenings for all members and their spouses.
WellTeam® encourages all members and their spouses to undergo a quick and easy wellness screening to identify health issues before they become serious. The Fund has partnered with Health Care Solutions and Quest Diagnostics with its “Blueprint for Wellness” program to provide these screenings (at no cost to the patient) between March 1st and September 30th at any one of Quest’s more than 2000 Patient Service Centers throughout the United States. A quick call to Health Care Solutions, or to Quest, or registration on the Quest website, will enable you to schedule a screening at a time convenient to you at the Quest Patient Service Center closest to you. (You have the option of having your doctor complete the screening and fax the results to Quest, but you must register on the Quest website to obtain a “Physician Results Form” and you will be responsible for copays, deductibles and co-insurance relating to those services.)
A wellness screening provides an assessment of your basic health status and offers valuable insights into your health risks. The wellness screening includes a non-fasting test for cholesterol and blood glucose (sugar) levels, blood pressure measurement, height, weight and waist circumference to calculate body mass index (BMI). (NOTE: A fasting blood test produces more accurate results.) The screening takes only minutes to complete and is offered through the Quest Diagnostics Blueprint for Wellness® program. A comprehensive, customized report specific to you is sent to you in about two weeks after your screening.
Although the program is voluntary, the only way to earn participation for your family in the Fund’s top plan beginning January 1, 2017 is to participate in the program and complete the screening. Employees and covered spouses must complete a wellness screening by September 30, 2016. Participation in the Platinum Plan, the plan having the lowest copays, deductibles and out-of-pocket expense, will be effective January 1, 2017. (Dependent children do not participate in the WellTeam® screening program.) Those who choose not to participate in the WellTeam® program will default to the Fund’s “Gold” Plan in 2017.
Don’t wait! Schedule your screening . . .
By calling Health Care Solutions at 1-800-655-8125 (M-F 8 am – 4:30 pm), or
By calling Quest at 1-855-623-9355 (M-F 8 am – 9:30 pm, Sat. 8:30 am – 5 pm), or
Many people are blissfully unaware of the true cost of retirement. Individuals contemplating retirement need to take a variety of factors into consideration. These include:
Inflation (remember, a dollar today is almost always worth more than that same dollar in the future);
Whether they intend to retire at the same standard of living they enjoy while working, of if they are fine with getting by on a tighter budget;
How their expenses will differ in the future from today (i.e., what will you need to pay for in the retirement that you do not need to pay for today);
How they are going to fund their retirement; and
The folks at CNNmoney.com have put together an interesting article discussing some of the common mistakes that people make in planning for retirement. In addition, they have created this handy calculator to provide a rough estimate of how much money you will need to have saved to retire at your current household income level.
The calculator does not take pension benefits into consideration when calculating how much money one would need to save to retire. Consequently, individuals who have a vested right to a pension from the Teamsters Pension Trust Fund of Philadelphia and Vicinity should also take the amount of their monthly pension benefit into consideration when thinking about how much money they will need to save in order to have the retirement they want. Pension Fund participants can get an estimate of their monthly pension benefit and a wealth of other information in the secured member access section of the Pension Fund’s website by clicking here.
We will address additional financial literacy and retirement planning topics on the blog in the coming weeks. Stay tuned.
In an earlier post, we examined the makeup of the Teamsters Health and Welfare Fund of Philadelphia & Vicinity. We promised to also take a look at the make up of the Teamsters Pension Trust Fund of Philadelphia and Vicinity. This post does just that.
As of December 31, 2013, the Teamsters Pension Trust Fund of Philadelphia & Vicinity covers over 7,600 active employees, 5,000 inactive but vested participants, and 13,400 retirees or survivors (i.e., widows or other beneficiaries). The average active participant was male, 46.8 years old with 12.7 years of vesting service. Active employees who earned at least one year of vesting service in 2013, on average, earned 1,813 hours of covered service. Participating employers contributed an average daily rate of $51.72 per employee to the Fund in 2013.
The average vested, but inactive participant at the end of 2013 was 54 years old while the average retiree (including widows or other beneficiaries) receiving benefits was 72.9 years old. The average pension benefit was $1,086.54 per month. Between January 1, 2013 and January 1, 2014, the Fund’s total participant population remained relatively flat.
As of July 1, 2014, there are approximately 7,200 active participants in the Fund. They live all over the United States, but predominantly in the Philadelphia metropolitan area. The map below shows the distribution of the Fund’s active participants by Zip Code.
The Pension Fund’s active participants come from 12 different participating local unions, 11 of which are affiliated with the International Brotherhood of Teamsters. The pie chart below shows the distribution of the Fund’s participants among the various participating local unions. (Scroll over the pie slices for more information).