FREQUENTLY ASKED QUESTIONS ABOUT Plan Health & Miscellaneous

Contact your Teamsters Administrative Office, if you have questions regarding benefit determination, benefit eligibility, beneficiary information, or plan rules.
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& Answers

 

Q

My Plan is in the Green Zone. What does that mean?

Your Plan is in the Green Zone. Funding percentage is not endangered or critical status. 

Each year, your Plan’s Trustees work closely with independent investment advisors and actuaries to review different indicators of the Plan's financial strength. Funding levels are one of the best measures of a pension plan's strength.

In 2006, Congress passed a law called the Pension Protection Act that requires all pension plans to measure their funding ratios in new, more stringent ways. One ratio compares the value of Plan assets to the value of all Plan benefits earned to date by all participants.

Based on this Pension Protection Act ratio, pension plans are rated as in either the Red (weakest), Yellow (endangered), or Green (strongest) zones. Using this method, the Plan’s enrolled actuary has calculated that the Plan’s funding percentage is in neither endangered nor critical status—placing it "in the Green Zone for 2013."

Q

How do I notify you that I am Power of Attorney (POA) for a retiree?

You can choose from the following three ways to notify us of your POA. Choose the one that is most convenient for you:

Fax: 1-800-307-0009

Mail: Prudential Financial
801 Townsgate Rd, Suite 300
Thousand Oaks, CA 91361

Email: wctpension@prudential.com.

Be sure your request includes either the retiree's Social Security number or Customer Identification number.

If you fax the POA or email the POA as an attachment, please be sure the notary seal is visible. If you have a guardianship or conservator, you must contact your Teamsters Administration Office (see contact listing).  

Q

My ex-spouse is getting part of my pension. How much is he/she getting?

Please refer back to your court documents for any information regarding a Qualified Domestic Relations Order or order support. If you have any additional questions, you may call Prudential Financial at 1-800-336-3387.    

Q

My child is getting a survivor benefit. Can it continue beyond age 18?

The majority of survivor child benefits end at age 18, whether or not the child is attending school. If your child is disabled, he or she may be entitled to further benefits. For more information about your child’s eligibility, contact your Teamsters Administration Office. For any additional questions, contact Prudential Financial at
1-800-336-3387.

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