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

Sign the Petition: Extend COVID Paid Leave at UPS

Growing numbers of UPS Teamsters are having to quarantine without pay, because they have reached the 10-day cap on COVID pay. Sign the petition to tell UPS not to cap COVID paid leave when we need it most. 

 

9.5 Lists Will Automatically Renew on January 16

Because of the COVID pandemic and social distancing requirements, UPS and the International Union have agreed to renew the 9.5 list that was in effect until November 15 when 9.5 rules go back into effect on January 16.

View More News Posts