The New England Teamsters Pension Fund was established in 1958 to provide retirement income to eligible participants and their beneficiaries. The Fund is jointly administered by an eight-member Board of Trustees – four Trustees representing the Local Unions and four Trustees representing the Contributing Employers. All claims are processed at the Fund Office, which is located in Burlington, MA, under the direction of the Fund Manager, Charles Langone. The Fund is qualified under IRC Section 401(a) and acts as a multi- employer, defined benefit plan within the meaning of IRC Sections 414(f) and (j).
Northern New England Benefit Trust (NNEBT) is the Plan Sponsor and Plan Administrator of the Plan. NNEBT is a non-profit health fund established in 1966 to provide healthcare for participating Teamster Union members and their families throughout the tri-state area of Maine, New Hampshire and Vermont. In 1996, we added Local 49 from Massachusetts.
The Board of Trustees is charged by law with fiduciary responsibility to manage the Trust and oversee all the activities of NNEBT. This legal responsibility is set forth in the rules established by the Federal Employee Retirement Income Security Act (ERISA), and enforced by the United States Department of Labor. Trustees receive no compensation for their services as Trustees.
The New England Teamsters Federal Credit Union is a not-for-profit, member owned credit union chartered in 1973 to provide a wide range of personal financial services to Teamsters and their families. We have enjoyed substantial growth over the years and now serve Teamsters throughout New England and beyond, providing them with the highest quality services, by friendly and knowledgeable staff.
These are challenging times for working men and women, but our goal of many years ago still serves us well — to assist our members in enhancing their quality of life through financial services and support.