Central States Pension Fund: $12.7 Billion in Asset

The third quarter financial and analytical report shows that the Central States Pension Fund is down to $12.7 billion in assets, a drop of $460 million since the beginning of 2019.

central_thumb.jpgThe Independent Special Counsel report for the same period notes that the fund now has only 11% of its assets in stocks, most of that in an S&P 500 index fund. The fund made 1.3% return in the quarter, which is an annualized rate of 5.3%. The low stock holdings mean that the fund will have more security but lower returns. Most of the report consists of reprinting material from previous quarterly reports.

The Financial and analytical report on the Health and Welfare Fund (TeamCare) shows that it continues to grow and prosper, building up huge reserves and a growing number of participants, reported as 203,996.

Get Advice Join TDU Donate

Recent News

Teamsters Say It's Time to Deliver on the Dream

TDU members are commemorating Martin Luther King Day with a national day of action to demand that UPS respect the day as a paid holiday and by telling employers it's time to deliver on the dream.

Lame-Duck IBT Leadership Appoints Tony Andrews to Replace Aloise

The IBT General Executive Board (GEB) has approved the recommendation by James Hoffa to appoint Tony Andrews as International VP for the Western Region, over the dissent of president-elect Sean O’Brien and nearly half of the GEB members.

View More News Posts