Local 111 Pension Fund Overview

General Information

Local 111 Pension Fund is a pension plan based in Brooklyn, New York, affiliated with the Teamsters. The fund was certified to be in critical and declining status due to funding problems and adopted a Rehabilitation Plan in April 2019. It received approximately $17.1 million in Special Financial Assistance from the Pension Benefit Guaranty Corporation (PBGC) to prevent insolvency and avoid benefit reductions for its 1,600 participants.