Central States Fund Ended 2017 with $15.0 Billion

The year-end Central States Pension Fund financial report has been obtained by Teamsters for a Democratic Union (TDU), and shows that the Fund ended 2017 with $15.0 billion in assets. This is down from $15.27 billion one year earlier; the loss of $267 million during 2017 was modest, due to the run-up in the stock market.

STOP-THE-RUSH-BANNER_thumb.jpgThe financial report and the report of the Independent Special Counsel report that:

  • The fund’s overall investment return in 2017 was 12.7%; this high rate of return generated $1.8 billion. The fund’s returns would have been even higher, but due to declining assets, the fund has reduced its stock holdings from about 65% down to 42%, and heading toward 33% of assets in stocks, with the rest in bond holdings.
  • Without supportive legislation, the fund is projected to become insolvent in eight years.
  • The fund made a settlement with the Kroger Corporation, to allow Kroger to withdraw from the pension fund; Kroger will pay the fund $467 million to settle the withdrawal liability claims. The Hoffa administration continues to allow employers to exit the fund, diminishing the number of companies paying into it. The fund blocked the deal between Kroger and the IBT, but has now settled Kroger’s court case. The $467 million will be a one-time boost in assets to the fund.
  • The fund has 58,000 active participants and 201,000 retirees and surviving spouses receiving pensions.

Documents available to members:

The Special Counsel fourth quarter 2017 report.

The fourth quarter Pension Fund Financial and Analytical Report.

The fourth quarter H&W Fund Financial and Analytical Report.


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  • commented 2018-04-28 18:35:20 -0400
    The definition of insanity is doing the same thing over and over again and expecting different results.
    So, why in the H do we keep the same admin in at CSPF?
    Is the fund still in the same investment accounts?
    Why can’t these 2 situations be remedied? Nyhan and crowd should have been out of there if it took pitchforks and torches to get the job done and the western state PF used as a model to get this train wreck back on the track. WTH!
  • commented 2018-04-28 13:46:55 -0400
    NO NO NO LEAVE OUR BENIFITS ALONE
  • commented 2018-04-28 13:01:04 -0400
    It would help IMMENSELY if 1million ELIGIBLE Members would cast INFORMED ballots each election.
    Rather than complaining about the Inevitable results !!
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