# Midwestern Teamsters Pension Trust Fund

Midwestern Teamsters Pension Trust Fund is a Pension Fund based in Oak Brook, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oak Brook, United States
- **Region:** North America
- **Address:** Oak Brook, IL, United States
- **Founded:** 1963
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Midwestern Teamsters Pension Trust Fund is a multiemployer defined-benefit pension plan based in Oak Brook, Illinois, serving union members and retirees affiliated with the International Brotherhood of Teamsters across the Midwestern United States. The fund covers participants from various local unions whose employers contributed under collective bargaining agreements. It is one of many multiemployer plans that faced severe funding shortfalls after decades of demographic shifts, deregulation in trucking, and investment underperformance. The plan was certified in critical and declining status under the Multiemployer Pension Reform Act of 2014, a designation reserved for funds projected to exhaust assets within 15 to 20 years. Under its rehabilitation plan, the fund reduced adjustable benefits to slow the depletion of remaining assets. The investment strategy of such plans historically relied on a mix of public equities, fixed income, and real estate, though specific allocations for this fund are not publicly detailed. The fiscal year 2023 team count and precise AUM are not publicly disclosed. The fund's primary operational relationship in recent years is with the Pension Benefit Guaranty Corporation. It was placed on the waiting list for the PBGC's Special Financial Assistance program, created by the American Rescue Plan Act of 2021 to bail out severely underfunded multiemployer plans. Receipt of SFA would inject sufficient capital to pay full benefits through at least 2051, fundamentally altering the fund's investment horizon and liquidity needs. The fund maintains a typical relationship with the National Coordinating Committee for Multiemployer Plans, which advocates for multiemployer plan interests on Capitol Hill. The structural differentiator of this fund is not its investment strategy but its legal status: it is a regulatory ward operating under a PBGC-supervised rehabilitation plan, awaiting a federal bailout. Unlike a typical pension fund making discretionary allocations to private markets, the Midwestern Teamsters plan is in runoff mode, with its board's primary fiduciary duty revolving around preserving capital for the eventual SFA transfer rather than optimizing long-term returns. The fund's governance and investment decisions are constrained by the rehabilitation plan and the actuarial assumptions filed with the Department of Labor.

## Questions

### What is the relationship between this fund and the International Brotherhood of Teamsters?

The fund is a multiemployer pension trust established under collective bargaining agreements between the International Brotherhood of Teamsters and various contributing employers in the Midwestern United States. The union appoints half of the board of trustees. The fund is legally separate from the union's general treasury, but it serves Teamsters members and retirees.

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- [Midwest Heritage Financial Advisors](https://altss.com/profile/midwest-heritage-financial-advisors)
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Last updated: 2026-08-11T02:43:31.692Z

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