Central States Pension Financial Update

February 3, 2015: A review of the 3rd quarter 2014 financial report of the Central States Pension Fund shows that the fund has $18 billion as of September 30, 2014.

The information is detailed in the quarterly Financial and Analytical Report and the Independent Special Counsel Report

Compared to the previous year, the fund saw a net investment income decline of $1.2 billion but it was offset slightly by a $94 million net increase in operating income. The report provides no explanation for the investment income downturn though it states that Trustees met with the named fiduciary, Northern Trust.

The report, filed January 26, 2015, mentions passage of the Multiemployer Pension Reform Act of 2014 but states, “it is too soon to assess the potential impact of this complex legislation on the Pension Fund.”

Teamsters for a Democratic Union (TDU) is working to fight any pension cuts and build a movement for pension justice. 

Click here to get involved.

Sign up for email updates at tdu.org and like us on facebook

Get Advice Join TDU Donate

Recent News

Register for the Online Workshop- Dealing with Difficult Supervisors

Learn effective strategies for dealing with difficult supervisors on the shop floor, in the office, and in a grievance hearing in this online workshop, Sunday, February 19.

The workshop is free; pre-registration required. Register here.

Zoom Event: Join the Contract Unity Pledge Drive

The International Union is launching a Contract Unity Pledge drive in February to build the contract campaign at UPS. Join a Zoom Event sponsored by UPS Teamsters United to talk about how you can get involved, unite members, and build our union’s bargaining leverage. Don’t miss the Zoom Event on Sunday, February 5th at 1 PM EST / 12 PM CST / 11 AM MST / 10AM PST. Click here to register.

View More News Posts