Inter-Local Pension Fund of the
Graphic Communications Conference of the International Brotherhood
of Teamsters
Welcome to the website of the Inter-Local Pension Fund of the
Graphic Communications Conference of the International Brotherhood
of Teamsters.
About
the Fund...
The Inter-Local Pension Fund is a unique pension plan,
available only to members of the Graphic Communications
International Union. The Inter-Local Pension Fund began in 1950,
when five local unions joined together to provide pension benefits
for their members. Today, the Inter-Local Pension Fund has more
than $1.6 billion in assets, pays benefits to more than 22,000
retired GCC/IBT members, and has more than 15,500 active participants
in more than 65 GCC/IBT local unions.
The Inter-Local Pension Fund is NOT an employer fund. No
employer contributes to it. No employer participates in its
administration. The Fund benefits are not negotiated with any
employer. Instead, the Inter-Local Pension Fund is a retirement
plan funded directly by participating GCC/IBT members. The Fund is
administered by the Board of Trustees consisting of elected
presidents of the larger participating GCC/IBT local unions. All
contributions and investment earnings are dedicated exclusively to
pay pensions to participants and related administrative expenses.
GCC/IBT members must belong to a participating local in the
Inter-Local Pension Fund in order to begin their participation in
the Fund. Any GCC/IBT local union can become a participating local
union in the Fund, by a vote of the local membership and approved
by the Trustees.
The Trustees of the Inter-Local Pension Fund also administer
benefits paid by the former Photoengravers Pension Fund and Plan
and the former Pension Fund of Local One, Amalgamated
Lithographers of America. Information concerning those plans
are available in the Inter-Local Pension Fund's Summary Plan
Description, which can be obtained fro the Fund office.
The information on this website is designed to assist the
participants in the Fund and GCC/IBT Local Unions and members who are
considering participation. Official information concerning
the operation and benefits provided by the Fund can be found only
in the Fund's Trust Indenture and Summary Plan Description, which
is available upon request from the Fund office. |