Teamsters Local 992

Teamsters Local 992

Local 992 is a chartered affiliate of the International Brotherhood of Teamsters, serving members across the tri-state area where Maryland, Pennsylvania, and West Virginia converge. The local's pension fund is a multi-employer Taft-Hartley plan — contributions come from a patchwork of haulage, logistics, and warehousing employers whose workers are covered by the local's collective bargaining agreements. The union hall at 10312 Remington Drive in Hagerstown functions as the operational hub for both labor representation and the benefit apparatus that includes not just the pension fund but also a linked health and welfare fund (Central Pennsylvania Teamsters Health & Welfare Fund). Investment management is handled by trustees rather than a standalone internal investment staff — typical for union-affiliated plans of this scale. The fund holds a mix of equities, fixed income, and liquid cash instruments, consistent with the conservative liquidity demands of a mature multi-employer plan where the ratio of active workers to retirees governs every allocation decision. Real assets are represented on the books by the union hall itself, a commercial property carried among the plan's non-liquid holdings. The Central Pennsylvania Teamsters Health & Welfare Fund serves as a co-investor for members' benefit, and Local 992 participates in state-level conference activities through the Pennsylvania Conference of Teamsters for legislative coordination. Publicly available financial disclosures are sparse; the plan does not maintain a dedicated investor-relations website or publish quarterly fact sheets. The Department of Labor's Form 5500 filings — the primary transparency mechanism for Taft-Hartley plans — provide the most reliable window into asset size, funded status, and investment expenses. Local 992 also participates in the James R. Hoffa Memorial Scholarship Fund, the national union's primary philanthropic vehicle, offering educational grants to the children of members. Structurally, Local 992's pension fund operates exactly as Taft-Hartley architecture intends: a trust governed by an equal number of union-appointed and employer-appointed trustees, charged with acting solely in the interest of participants. Unlike a corporate pension plan, the fund does not sit on a single sponsor's balance sheet, and its independence from any one employer is both its strength — solvency doesn't hinge on one company's fortunes — and its vulnerability, because declining union density and deregulation in trucking have pressured contribution bases across the Teamsters' pension system for decades.