TRUST FUND INFORMATION

The Teamsters Miscellaneous Security Trust Fund is an ERISA multi-employer Fund. The Fund is a self-insured Fund providing active and retiree medical, life, dental, prescription, long term disability and vision benefits to 25,000 union members plus their dependents. There are 684 subscribing employers participating in the Fund. The Teamsters Miscellaneous Security Trust Fund was established in 1959 and has reserves for future benefits of $67,869,116 as of May 31, 2008. A Board of Trustees made up of an equal number of Union and Employer representatives manages the Fund.

Board of Trustees is dedicated to being responsive to the needs of all of the negotiating parties. Since 1990, the Trustees have, in response to Employers and Local Unions, designed and implemented new plans that allow the negotiating parties more options in selecting a benefit package that meets the needs of both the employer and employee. The Board of Trustees are also proud of the fact that they have kept contribution rate increases to a minimum over the last eight years and in fact on some plans, there has not been an increase of rates for eight consecutive years. This success is due to cost management programs implemented over the last several years, favorable utilization by the employees and successful rate negotiations with the contracting HMO's (Kaiser, Health Net and PacifiCare) and preferred providers on the Medical Reimbursement Plan.

UNION TRUSTEES

 

Shannon Silva

Teamsters Local 683

Tom Lauer

Teamsters Local 578

Chris Griswold

Teamsters Local 986

Mike Bergen

Teamsters Local 166