Teamsters Ready-Mix Pension Plan Insights

Understanding Your Pension Plan

The Teamsters & Toronto Ready-Mix Pension Plan ensures financial security for members through employer contributions, strategic investments, and stable benefits. The plan is designed to complement government programs like the Canada Pension Plan (CPP) and Old Age Security (OAS).

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How Your Pension Works

• Your employer contributes a negotiated amount for each hour worked.
• Funds are pooled and invested for growth.
• Your retirement benefit is calculated based on contribution levels and credited service.

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Plan Performance & Investments

As of December 31, 2024, plan assets total $274.6 million, with investments diversified across infrastructure, real estate, fixed income, and equities.

• 1-year return: 10.79%
• 4-year return: 8.16%

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Plan Stability & Funding Status

The pension plan undergoes regular actuarial evaluations to ensure stability. The latest report confirms that assets and contributions are sufficient to meet funding requirements. Over $9 million in benefits are paid annually.

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Beneficiary Updates

Ensure your beneficiary information is up to date. If you have a spouse, they are automatically your beneficiary unless a waiver is signed. Contact the plan administrator for changes.

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Please contact us if you have any further questions.