Central States Pension and H&W Funds Financial Reports

September 12, 2013: The latest financial report (first quarter 2013) for the Central States Pension Fund is now available, and reflects assets of $18.3 billion as of March 31, 2013.

This represents a $517 million gain in the first quarter, due to the big run-up in the stock market during that period. Since that time, the stock market leveled off, and bonds have done poorly, so the current balance is certainly lower. The fund relies overwhelmingly on investment returns to pay benefits, since Hoffa allowed UPS to leave the fund in 2007.

Teamsters and retirees can access the first quarter reports: the Independent Special Counsel Report and the Financial and Analytical Report.

Central States Health & Welfare Financial Report

You can read the First Quarter 2013 Financial Report on the Central States Health & Welfare Fund for a detailed look at the financial health and operation of the fund. 

This financial information was attached to a report on the separate Central States Pension Fund; that report was compiled by Independent Special Counsel David Coar, Esq, and was submitted to federal judge Milton I. Shadur.

The H&W Fund, which now uses the name TeamCare, reported 81,600 active participants, but plans to add some 144,000 UPS Teamsters when the UPS contract is finally acceptable to members and the regional supplements are ratified.

Unlike the pension fund, it is operating in the black and has strong financial reserves.

This financial report is only available from Teamsters for a Democratic Union (TDU).

Get Advice Join TDU Donate

Recent News

Team Canada IBT Slate is Accredited

The two IBT vice presidents from Canada and the president of Teamsters Canada have petitioned among Canadian Teamsters to accredit the Team Canada Slate in the IBT Election.  Yesterday the Election Supervisor reported that they submitted 8,156 petition signatures, far more than the needed number of 2,807 in Canada.

Fighting for Our Future at the TDU Convention

Hundreds of Teamsters made organizing plans, set our movement’s direction, and elected our TDU leadership for the coming year at the first (and hopefully last!) online TDU Convention.

View More News Posts