Teamsters Joint Council No. 83 of Virginia
Health & Welfare and Pension Funds
Frequently Asked Questions
Listed below are frequently asked questions regarding the Pension Plan. Click on the question to view the answer.
Applying for Pension Benefits
How do I apply for pension benefits?
You can request an application be mailed to you by the Fund Office, or you can download the application by clicking here. You can also contact the Fund Office to set up an appointment to apply in person. Unless you are applying for a Disability Pension, your pension application must be completed, signed, and submitted to the Fund Office at least 2 full months prior to your desired pension effective date. The effective date is the date you want pension benefits to start. Under the Plan, pension benefits are always effective the 1st day of the month.
What other information will I need to submit with my pension application?
You must provide a copy of your birth certificate. If you elect the Joint and Survivor Benefit, you must also provide copies of your spouse’s birth certificate and your marriage certificate. If you elect the Contingent Annuitant Option, you must provide a copy of the CA’s birth certificate. Along with the pension application, the Fund Office will provide other necessary forms to complete your application. These forms will include your election or rejection of the Joint and Survivor Benefit and/or Contingent Annuitant Option, tax forms, beneficiary form, post-retirement rules, and direct deposit request.
How long does it take to process an application?
You will be advised in writing within 90 days of submitting your application to the Fund Office if your pension application has been approved or denied. If more time is needed to make a determination, you will be notified as soon as possible.
How can I change my pension beneficiary?
You may submit the Change of Beneficiary form by email, by mail to 8814 Fargo Road, Suite 200 Richmond, VA 23229 or by fax at 804-288-3530. Changes cannot be made by telephone. This form must be signed and dated by the Participant or Power of Attorney. A copy of document granting Power of Attorney must be on file with the Fund Office.
What happens if I die without naming a beneficiary?
Lifetime survivor benefits will be payable to any eligible spouse at the time of your death. If you are unmarried at the time of death and have not named a Contingent Annuitant or beneficiary, the 5-year Death Benefit or Lump Sum Death Benefit, if applicable, will be paid out in the following order:
- to your child, or children in equal shares;
- to your father and mother in equal shares if both are living;
- to your estate, if no relative listed above survives you.
If you are unmarried at the time of your death with at least 5 but less than 10 years vesting service, survivor benefits are only payable if you have named a Contingent Annuitant. If you have not already named a pension beneficiary, you may do so by completing a pension beneficiary form and submitting it to the Fund Office. You must sign the form and an adult who is not named as a beneficiary must witness your signature. You can name a primary beneficiary and a secondary beneficiary, a person who takes the place of the primary beneficiary should the primary beneficiary die before or at the same time as you. You may designate your estate or a trust as your beneficiary. You can also name several beneficiaries, with survivor benefits divided among them. However, there can be only one Eligible Spouse or Contingent Annuitant to receive the Lifetime Survivor Benefit.
Banking and Pension Payment Information
How can I make changes to my bank account information?
You may submit the Electronic Funds Transfer form by email, by mail to 8814 Fargo Road, Suite 200 Richmond, VA 23229 or by fax at 804-288-3530. Changes cannot be made by telephone. This form must be signed and dated by the Participant or Power of Attorney. A copy of document granting Power of Attorney must be on file with the Fund Office.
Who do I notify of a change in address?
You may submit a Change of Address form by email, by mail to 8814 Fargo Road, Suite 200 Richmond, VA 23229 or by fax at 804-288-3530. Changes cannot be made by telephone. This form must be signed and dated by the Participant or Power of Attorney. A copy of document granting Power of Attorney must be on file with the Fund Office.
I receive my pension benefit payment via electronic funds transfer. When are my funds credited to my account?
Benefits are guarenteed to be in your account by 2PM on the first business day of the month.
If I don’t have automatic bank deposit, when are benefit checks mailed?
Benefit checks are mailed on the last business day of the month. If you have not received your check by the tenth business day, you must contact the Fund Office. The Fund will reissue your check at that point.
How do I change my tax withholding?
Changes to tax withholding are not accepted by phone. All changes must be received received by the Fund via fax, email or mail.
Retiree Health Coverage and Medicare
Is retiree health coverage available through the Fund?
Yes, retiree health coverage is available. For more information, click here.
Does the Fund offer a Medicare supplement?
No. The Fund does not offer a Medicare supplement.