Teamsters Joint Council 83 of Virginia Health and Welfare Pension Fund

What Teamsters Joint Council 83 of Virginia Health and Welfare Pension Fund does

The Teamsters Joint Council No. 83 of Virginia Health & Welfare and Pension Funds is a multi-employer Taft-Hartley trust fund established in 1957 and headquartered at 8814 Fargo Road, Suite 200, Richmond, VA. The entity operates two core funds: a Health & Welfare Fund providing medical (Anthem BlueCross BlueShield PPO), dental (Anthem Dental 100/200/300), vision (EyeMed), prescription drug coverage (CarelonRx, transitioned April 2024 from Express Scripts), life insurance, short-term disability, and an Employee Assistance Program; and a Pension Fund structured as a defined benefit plan paying lifetime monthly annuity payments to eligible participants. The trust is governed by a joint board of three Union Trustees (appointed by Teamsters Joint Council No. 83) and three Management Trustees (appointed by Transport Employers Association), operating under the sole-benefit standard with ERISA fiduciary duties.

The fund serves members of Teamster Local Unions 22, 29, 171, 322, 592, and 822 and their families, predominantly residing in Virginia, with named contributing employers including ABF Freight System, United Parcel Service (UPS), Schwerman Trucking, and Linde. Benefit distribution is administered through an 18-employee Fund Office, with no traditional sales channel; access is determined entirely through collective bargaining agreements. Additional offerings include COBRA continuation coverage, retiree health benefits under age-banded Plan ZR pricing, the Teamsters Insurance Premium Reimbursement Fund (TIPRF) for non-Medicare-eligible retirees, pre-certification through Healthlink, telehealth via LiveHealth Online, and reciprocal pension agreements with at least five other Teamster pension plans. The fund is HIPAA-compliant, holds ACA grandfathered health plan status, and operates under USERRA, Newborns' and Mothers' Health Protection Act, and Women's Health and Cancer Rights Act requirements.

Revenue is generated solely through employer contributions paid per collective bargaining agreements based on hours worked by covered employees; the entity is not structured for profit or investor returns, and no revenue or asset figures are publicly disclosed. Executive leadership is provided by Ryk Tierney, CEBS (Executive Director), with the trustee board composed of Duane Ammons, Eli Brown, William A. Nations (Tony) as Management Trustees and Todd Robertson, James R. Smith (Jim), James A. Wright as Union Trustees.

Name

Teamsters Joint Council 83 of Virginia Health and Welfare Pension Fund

Legal name

Teamsters Joint Council No. 83 of Virginia Health & Welfare and Pension Funds

Website

https://tjc83funds.org

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

11–50 employees

Short description

Multi-employer Taft-Hartley trust fund providing healthcare and retirement benefits to members of six Teamster Local Unions (22, 29, 171, 322, 592, 822) and their families, predominantly in Virginia, administered by an 18-person Fund Office in Richmond, VA.

Ownership category

akta.pro rank

Product category

Multi-Employer Taft-Hartley Trust Benefits

NAICS

Health and Welfare Funds (525120)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Taft-Hartley / Union Multiemployer Group Health Plans (FSAIAFAG)

akta.pro secondary industry

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)

Keywords

• Taft-Hartley trust fund
• Multi-employer welfare benefits
• Union health insurance
• Defined benefit pension
• Teamster benefit administration

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Employer Contributions: The Fund is a multi-employer trust funded by employer contributions made under collective bargaining agreements with Teamster unions. Contributions are paid based on hours worked by covered employees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

A multi-employer Taft-Hartley trust fund providing health and welfare benefits (medical, dental, vision, prescription drug, life insurance, short-term disability, EAP) and a defined benefit pension plan to Teamster union members and their families predominantly in Virginia. Funded by employer contributions paid under collective bargaining agreements based on hours worked by covered employees, and governed jointly by three Union Trustees appointed by Teamsters Joint Council No. 83 and three Management Trustees appointed by Transport Employers Association.

Product overview

Teamsters Joint Council No. 83 of Virginia operates two core funds: the Health & Welfare Fund and the Pension Fund. The Health & Welfare Fund provides a comprehensive benefits package including medical coverage (through Anthem BlueCross BlueShield), dental (Anthem Dental 100/200/300), vision (EyeMed), prescription drugs (CarelonRx), life insurance, short-term disability, and an Employee Assistance Program. The Pension Fund is a defined benefit plan providing lifetime monthly annuity payments. Additional offerings include COBRA continuation coverage, retiree health benefits under Plan ZR, the Teamsters Insurance Premium Reimbursement Fund (TIPRF) for retirees, pre-certification services through Healthlink, telehealth via LiveHealth Online, and reciprocal pension arrangements with other Teamster plans.

Differentiator

Problem solved

Functional benefit

Products and services

• Health & Welfare Fund

Quantifiable outcome

• Short Term Disability benefits available for eligible participants with 7-day waiting period for illness
• +1 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Partnerships

Eleven partnerships are on record, tiered core.

• CarelonRxcoreTechnology or Integration · 1 April 2024Effective April 1, 2024, CarelonRx became the pharmacy benefit manager managing prescription drug coverage. Provides retail and home delivery prescription programs.
• Anthem BlueCross BlueShieldcoreTechnology or IntegrationMedical network provider offering PPO plans. Handles medical claims processing, provider networks for medical services, and EAP services for some participants. Anthem's Healthlink division handles pre-certification for inpatient admissions.
• EyeMed Vision CarecoreTechnology or IntegrationIn-network vision benefits administrator. Provides vision provider network access and out-of-network claim processing for vision services.
• Hines & Associates, Inc. (d/b/a Precertcare)coreTechnology or IntegrationPre-certification services provider for the Fund's healthcare benefits, operating under the Precertcare brand.
• Transport Employers AssociationcoreStrategic or Co-development PartnerAppoints three Management Trustees to the Board of Trustees who jointly govern the Health & Welfare and Pension Funds with Union Trustees.
• Teamsters Joint Council No. 83 of VirginiacoreStrategic or Co-development PartnerAppoints three Union Trustees to the Board of Trustees who jointly govern the Health & Welfare and Pension Funds with Management Trustees.
• Central States Pension FundcoreStrategic or Co-development PartnerReciprocal pension plan allowing members to combine service credits across plans. Contact: P.O. Box 5109, Des Plaines, IL 60017-5109, (800) 323-5000.
• Central Pennsylvania Teamsters Pension FundcoreStrategic or Co-development PartnerReciprocal pension plan. Contact: P.O. Box 15223, Reading, PA 19612-5223, (800) 331-0420.
• Richmond Teamsters and Industry Pension FundcoreStrategic or Co-development PartnerReciprocal pension plan administered by American Benefit Corporation, 609 3rd Ave, Chesapeake, OH 45619, (866) 313-2088.
• Teamsters Local 639 Employers Pension Trust FundcoreStrategic or Co-development PartnerReciprocal pension plan. Contact: 3130 Ames Place, NE, Washington, DC 20018, (202) 636-8181.
• UPS Pension Plan for Part-Time EmployeescoreStrategic or Co-development PartnerReciprocal pension plan. Contact: 55 Glenlake Parkway, Atlanta, GA 30328, (800) 643-4442.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Anthem BlueCross BlueShield: Existing core medical network partner of the fund. Comparable as a broad incumbent health insurer providing PPO, dental, EAP, and pre-certification services to multi-employer Taft-Hartley plans nationwide.
• CarelonRx: Pharmacy benefit manager that became the fund's PBM in April 2024. A broad incumbent that administers prescription drug benefits for many multi-employer health and welfare funds.
• International Brotherhood of Teamsters: National labor union parent organization. Functions as a broad incumbent that sets policy and provides structural support to all Teamster joint councils and benefit funds, including this fund.

Direct peers

• Teamsters Joint Council 83 of Virginia Pension Fund (subject entity): Listed for context — the subject entity itself. Useful reference point for the analysis.
• Central Pennsylvania Teamsters Pension Fund: A current reciprocal pension partner of this fund. Direct peer as a multi-employer Teamster DB pension fund with comparable governance and reciprocal pension arrangements.
• Central States, Southeast and Southwest Areas Pension Fund: The largest U.S. multi-employer Teamster-defined benefit pension fund. Direct peer because it is an existing reciprocal partner providing the same multi-employer Taft-Hartley DB pension framework to Teamster members across a broader geography.
• Western Conference of Teamsters Pension Fund: Multi-employer Taft-Hartley Teamster pension fund covering Western U.S. and Canadian members. Directly comparable as a Teamster DB pension plan with reciprocal agreements and similar benefit structure.
• New York State Teamsters Conference Pension and Retirement Fund: Multi-employer Teamster pension and welfare fund for New York State Teamsters locals. Directly comparable structure — joint union-management trust serving Teamster members under collective bargaining agreements.

Emerging players

• Operating Engineers Local 825 Pension Fund: Multi-employer Taft-Hartley defined benefit pension and welfare fund covering Operating Engineers in a defined regional territory. Comparable structure (joint trustees, reciprocal agreements, multi-employer DB) but in a different trade union.
• Local 853 Teamsters Health and Welfare Fund: Smaller Teamster multi-employer health and welfare trust serving a single local. Comparable as a focused multi-employer Teamster H&W fund but operating at smaller scale in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Teamsters Joint Council 83 of Virginia Health and Welfare Pension Fund