What Is Average Teamster Pension Amount?

What Is Average Teamster Pension Amount?

As of 2015, the Honeywell teamster pension benefit is $53.50 per month for each year of service, states Teamster Local 1145. A teamster loses .3 percent for every month of early retirement. Therefore, someone retiring at the minimum age of 55 after 30 years of service earns $1360.10 a month.

Teamster Local 1145 states that Alliant Techsystems pension is $47.50 per month for each year of service and is calculated in the same way. A teamster who collects Social Security at the age of 65 can expect to have his pension reduced by the amount of Social Security benefit he earns. The pension benefit then remains at that amount.