Central States Fund: $16.1 Billion

The Central States Pension Fund’s Financial and Analytical Report for year-end 2015 shows assets of $16.1 billion – up $200 million in the 4th quarter, but down nearly $1.8 billion for the year. 

billions_thumb.jpg

The US stock market had a bad year in 2015, and the CSPF portfolio did the same. The S&P 500 index of US stocks lost nearly 1% (-.9%) on the year, and the CSPF lost about the same (-.81%). The fund had a fourth quarter bump of 3.17%, as the stock market took an upturn.

The report indicate there are 60,000 active members and 205,000 retirees, both slightly down. If Hoffa gets his way, more corporations will be allowed to exit, and the situation will deteriorate. 

Related Stories: How Independent is Central States “Independent Counsel”? and Who Dropped the Ball on Wall Street’s Losses for Retirees.

Get Advice Join TDU Donate

Recent News

Zoom Call for IBT Election Volunteers on Saturday, August 14

TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register. 

Central States Assets Fall – But Relief is Coming!

The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter.  The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.

View More News Posts