Central States Fund: Where are the Quarterly Reports?

May 22, 2012: The Central States Pension Fund last issued a quarterly financial and analytical statement for the second quarter of 2011, which is nearly a year behind.

The Independent Special Counsel to the Fund prepares these reports, and they are provided to Paul Alan Levy, counsel to TDU members and retirees who went to court to end the secrecy about this information. Teamsters for a Democratic Union makes the information available.

But late last year, there was a change in the independent counsel: Frank McGarr stepped down and then passed away last January, and retired federal judge David Coar took his place.

TDU contacted Judge Coar in mid-May, and he assured us the delay is only because of the transition, and that he expects to get out the third and fourth quarter 2011 reports very soon.

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