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Thread: Central States Pension and H&W Funds Financial Reports

  1. #1
    Taking A Stand!!!

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    Default Central States Pension and H&W Funds Financial Reports

    September 12, 2013: The latest financial report (first quarter 2013) for the Central States Pension Fund is now available, and reflects assets of $18.3 billion as of March 31, 2013.

    This represents a $517 million gain in the first quarter, due to the big run-up in the stock market during that period. Since that time, the stock market leveled off, and bonds have done poorly, so the current balance is certainly lower. The fund relies overwhelmingly on investment returns to pay benefits, since Hoffa allowed UPS to leave the fund in 2007.
    Central States Pension and H&W Funds Financial Reports | Teamsters for a Democratic Union

  2. #2
    It's 5 PM somewhere!

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    Default Re: Central States Pension and H&W Funds Financial Reports

    The fund relies overwhelmingly on investment returns to pay benefits, since Hoffa allowed UPS to leave the fund in 2007.

    Thank you , Hoffa. <----- sarcasm
    ABFwife and tiredseat like this.

  3. #3
    I Am Rocking Now

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    Default Re: Central States Pension and H&W Funds Financial Reports

    So when is the massive cut coming?

 

 

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