Central States Pension Updated Financial Report

September 5, 2012: The 2012 first quarter financial report from the Central States Pension Fund has finally issued, and is available only on this website.

The report indicates that the fund had $18.7 billion on March 31, 2012, a healthy increase over three months earlier. The bad news is that the stock market froth of the first quarter has not been repeated, and the fund's assets are now lower, probably about $1 billion lower.

The Financial and Analytical Report is available here, and the Report of the Independent Special Counsel is available here.

The report notes that fund Trustee Fred Gegare resigned his position on May 11, 2012, and the vacancy has not yet been filled.

The Central States Health and Welfare Fund, unlike the pension fund, continues to operate in the black and has strong reserves that equal about 18 months of benefits.

Click here to read "Could the Central States Pension Fund Go Insolvent."


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Five Things the IBT Can Do to Fix the UPS Contract Disaster

Denis Taylor has repeatedly promised local unions and members that he will return to the bargaining table with UPS. But no date has been set. Here are 5 things the IBT can do fix the disaster at UPS. They will only happen if UPSers keep the pressure on.

Put Our Issues on the Table at UPS

Despite declaring the contract ratified, Denis Taylor says he will “return to the bargaining table to address a number of member concerns with the National Master UPS Agreement.” When bargaining resumes, UPSers expect our issues to be addressed.

View More News Posts