Central States Pension: Latest Financial Report
July 13, 2018
The Central States Pension Fund ended the first quarter of 2018 with assets of $14.8 billion, a loss of $172 million for the quarter ending March 31, 2018. However, the loss would have been much worse except for a one-time payment of $467 million by the Kroger Corporation; this was a lump sum payment to pull all Kroger and some Kroger-contractor employees out of the pension fund permanently.
“Fix it! Fix it” Thousands Rally to Save Pensions
July 12, 2018
Thousands of unionists, most of them Mineworkers and Teamsters, but also workers from other unions and groups, rallied under a hot sun outside the Ohio State Capitol in Columbus on July 12 to demand that Congress take action to save workers’ earned pensions.