Central States Pension Fund is now 97.5% funded

It’s a rags-to-riches story: the Central States Pension Fund went from 14.5% funded and in critical and declining status to 97.5% funded and in healthy condition.

central_thumb.jpg

That information is contained in the Annual Funding Notice which was sent to all participants in April. The turnaround is thanks to the Butch Lewis Act, which led to an infusion of $35.8 billion in January 2023. The fund is on track to be 100% funded. 

Can our union bargain more employers into the CSPF, to grow the fund? Time will tell. That was nearly impossible when the fund was failing, but now the fund is healthy.

The Butch Lewis Act, part of the American Rescue Act of 2021, provided a lifeline to save Teamster pensions in several other pension funds, including the New York State Teamster fund, the Western Pennsylvania fund, the Local 560 fund, the Local 707 fund and others. The law protected the pensions of millions of Americans – not just Teamsters. 

It was a grassroots movement, powered by Teamster retirees that worked diligently for years to generate the political support to make it happen.

Get Advice Join TDU Donate

Recent News

The 2026 Teamster Election

The two-year process for electing Teamster International Union officers is underway. Here is what you need to know about the process and how to participate.

Watch Webinar: Enforcing Heat Safety Rights at UPS

UPS Teamsters won new contract language protecting our right to work safely when temperatures rise. Watch the webinar to learn about heat safety rights under Article 18 of the contract and how to enforce them. Then scroll for resources, including heat safety wallet cards, printable fact sheets, and a parking lot meeting guide.

View More News Posts