Pensions & Benefits


Related Articles

Central States Fund: $17. 7 Billion

November 5, 2012: The Central States Pension Fund's mid-year financial report indicates that the fund's assets stand at $17.7 billion, just about exactly where they stood at the beginning of 2012. The fund lost money on investment during the second quarter, after making a lot in the first quarter when the stock market zoomed upward. The fund has 68% of assets in stocks; half of the stock portfolio is managed by the Northern Trust Company,...

New England UPS Teamsters Approve Change

September 17, 2012: UPS Teamsters in New England have voted by a large margin to approve a pension change favored by the company and the pension fund. Voting took place at regional meetings, not by mail, so an estimated 15-20% of the 10,200 participants voted. The proposal is to move all UPS Teamsters in the six New England states to a new plan which will still be within the New England Teamsters Pension Fund, but...

Should the 401(k) Be Reformed or Replaced?

Steven Greenhouse The New York Times 13, 2012 View the original piece John Greene worked for 30 years at an Oscar Mayer plant in Madison, Wis., deboning hams and loading boxes of hot dogs. His 401(k) plan grew to $60,000, and soon after retiring he began withdrawing $3,600 a year from it, money that allowed him and his wife to take what he called a wondrous two-week trip to Scotland, his ancestral homeland. But when...

New England UPS Workers Vote on Big Pension Change

September 7, 2012: Over 10,000 UPS Teamsters in New England are set to vote on a massive change in the structure of their pension plan. The proposal is to move all UPS Teamsters in the six New England states to a new plan which will still be within the New England Teamsters Pension Fund, but under very different terms. Under this proposal, UPS will be given a $2.40 per hour reduction in its contributions to...

Central States Pension Updated Financial Report

September 5, 2012: The 2012 first quarter financial report from the Central States Pension Fund has finally issued, and is available only on this website. The report indicates that the fund had $18.7 billion on March 31, 2012, a healthy increase over three months earlier. The bad news is that the stock market froth of the first quarter has not been repeated, and the fund's assets are now lower, probably about $1 billion lower. The...
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