COPYRIGHT © 2015 IBT LOCAL UNION No. 295 -
AIR FREIGHT CHAUFFEURS, HANDLERS, WAREHOUSEMEN,
ALLIED WORKERS, MISCELLANEOUS, PRODUCTION AND INDUSTRIAL EMPLOYEES
AFFILIATED WITH THE INTERNATIONAL BROTHERHOOD OF TEAMSTERS
V I C T O R Y T H R O U G H U N I T Y
A government big enough to give you everything you want is big enough
to take everything you got.
“Common sense is genius dressed in its working clothes” – Ralph Waldo Emerson
President’s View
I am proud to announce that after more than 15 years of dedication and hard work the Local 295 IBT Employer Group Pension Fund has officially emerged from the “Red Zone” to the “Green Zone” as certified by the Plan’s actuaries for the plan year beginning July 1, 2025. Being in the ‘Green Zone” means the plan is considered healthy under federal guidelines with sufficient assets to meet its obligations to participants and retirees.
This milestone marks a major achievement representing years of commitment and collaboration from the Union and Company Trustees. Years of consistent contributions, sound management and adherence to the Plan’s Rehabilitation Plan adopted in 2009 restored the Fund’s financial strength. Strong investment performance and careful oversight by the Trustees have helped it reach its’ stable and healthy status. In the coming months, the Plan’s actuaries, Union and Company Trustees will review potential plan design improvements with the goal of enhancing benefits where feasible.
I regret to report that the current global and national economy has resulted in low volume of shipping in the airfreight industry, and along with the negative impact of automation in operations has led to companies downsizing and some of our shops are suffering layoffs.
It is my honor and privilege to represent the honest, hard-
I’d like to wish everyone a Merry Christmas, a happy holiday season and a New Year full of health, happiness and prosperity. God bless everyone.
Lou Calemine, President -
