Welcome to the ILPF

Welcome to the Inter-Local Pension Fund (ILPF), a defined benefit pension plan available exclusively to Teamster members.

The ILPF gives Teamsters the opportunity to retire with the security that only a defined benefit pension plan can provide: a guaranteed, predetermined monthly retirement benefit for as long as you live.  

What makes the ILPF unique is that it is funded solely through member payroll deductions and is not collectively bargained. There are no employer contributions or other forms of employer involvement. Because of this special structure, the ILPF is shielded from employer withdrawals, plan terminations and other corporate actions that have destroyed retirement security for millions of Americans.

At a time when American workers face disappearing traditional pensions and a growing retirement crisis, the ILPF offers a way for Teamsters to plan for their futures with peace of mind.

Read the introductory letter from Teamster General President Hoffa and Secretary-Treasurer Hall.


Correction to 66th Annual Report of the Trustees

You should have recently received a copy of the Inter-Local Pension Fund’s 66th Annual Report of the Trustees. Please note that there was an error on page 9 of the Report. At the bottom of the page in the “Liabilities and Net Assets” section, the last line of the table, Net Assets Available for Benefits, had an incorrect amount for 2015. The other references to Net Assets Available for Benefits in the Report are correct. The correct amounts for the Net Assets Available for Benefits should be as follows:

  • 2016: $    901,359,512
  • 2015: $ 1,006,915,118

We apologize for the error. If you have any questions about the Report, please contact the Fund Office.

James Klug

Local 577 M
Cedarburg, WI

“It’s a rare fund and my retirement would be poor without it. I can’t think of any other fund that you get every penny you put in. When I retired, I had paid in a total of $88,000 over 39 years. If I live 25 years past my retirement age, the fund will provide a little under a million dollars in pension payments. I got what I paid in a couple of years and the rest is pure profit.

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Norma Balentine

Local 577M
Milwaukee, WI

“None of my previous jobs offered a defined benefit pension plan.  We’ve seen how the benefits provided by plans based on stocks, such as 401(k)s, can erode as the stock market plummets.   The ILPF is a gift that very few workers have – a lifelong benefit.

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Harold Moore

Local 285M
Washington, DC

“I plan on working until I’m eligible for full retirement benefits. I think the ILPF provides really excellent benefits. My contribution is taken directly out of my paycheck. I don’t have to think about it, so it’s easy to save for retirement. Belonging to the ILPF gives me a great sense of security. 

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John Greco

Local 14M
Philadelphia, PA

"The ILPF is a good investment. I’ve been working at my present job for 39 years, but the employer plan will provide me with less than $800 a month when I retire. Contrast that with the payment I’ll receive from the Fund. Even by age 63, before I plan to retire, I’ll have already earned more than twice as much a month.

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Christopher Yatchak

Local 577M
Germantown, WI

“Today’s workers fear that they might run out of retirement savings before they die. It’s important to compare how defined benefit and defined contribution pension funds work and know what you should expect. How do you make your savings last the rest of your life?

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Teamsters Local 299

New Boston, MI

“We felt like we needed to take control of our retirement. That’s why we voted to join the ILPF. The Fund is run exclusively by and for Teamsters. It was set up decades ago and has provided generations of union members with secure retirements.

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