WebFeb 13, 2024 · The pension plan had a funding ratio of 18% with $57.2 billion in projected benefit obligations as of Jan. 1, 2024, according to the plan's most recent Form 5500 … WebDec 8, 2024 · The $36 billion goes to the Central States Pension Fund, which provides pensions to nearly 360,000 union workers and retirees, primarily members of the International Brotherhood of...
Central States Shouldn’t Cut Pensions - International …
WebDec 8, 2024 · The $36 billion will go to the Central States Pension Fund, which is for mostly Teamster union members. The $36 billion amounts to about half of the available federal funds for pension relief ... WebJun 4, 2024 · CSPF is one of the nation's largest multiemployer defined benefit pension plans, covering about 385,000 participants. Since 1982, the plan has operated under a … teacher 1950
Central States Pension Fund: Department of Labor …
WebAug 6, 2024 · By 2003, Central States lost 70 percent of the employers that contributed in 1980. “If you look at the top 50 employers in 1980, now only three of them still exist (in the plan),” Tom Nyhan, executive director of the Central States fund, told Bloomberg Law. WebMay 3, 2024 · As part of the ARP, more than 50 Teamster pension plans—including its largest, the Central States Pension Fund—are eligible for assistance at the outset of the bill’s enactment, with more of the … WebDec 15, 2024 · Central States Pension Fund and its condition. The $36 billion goes to the Central States Pension Fund, which provides pensions to nearly 360,000 union workers and retirees, ... I have no doubt that this is the largest pension bailout in history," he said. Zachary Christensen, managing director of the Pension Integrity Project at the Reason ... teacher 200+ jobs