June 20, 2014: The overdue year-end 2013 report on the Central States Pension Fund shows that it grew by $1 billion to $18.7 billion on the rising stock market. However the report stresses the fund trustees’ goal of changing federal law to allow them to cut the pensions of current retirees, and active Teamsters with earned vested pensions.

The Teamster officials who are trustees are at odds with the official position of the International Union, which is to oppose a bill to abolish the “anti-cutback” protections in federal law. The report states that the fund could be unable to make pension payments by 2026, as the justification for their stand.
Central States Fund: $18.7 Billion | Teamsters for a Democratic Union