pension_and_benefits
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Metro New York Teamsters will face off to raise money for the upcoming International Union election campaign at Bowling Against Givebacks at Bowl360 in Ozone Park on Sunday, May 17 at 1 pm.
The 2019 Financial Report of the Central States Pension Fund shows that fund assets dropped to $12.3 billion, as retirement payouts far outstrip the income from employers remaining in the fund. The net loss on the year was $857 million, and the Fund continues to predict insolvency in 2025, unless action comes soon.