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  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    42,077
    Rep Power
    928

    Default Central states fund quarterly report: $15.1 billion

    The financial report obtained by Teamsters for a Democratic Union for the Central States Pension Fund indicates that the fund had $15.1 billion in assets as of September 30, 2017. This is down from $15.3 billion at the start of 2017.

    The decline was modest due to the run-up in the stock market last year, which mitigated losses. According to the Financial and Analytical Report the fund made 4.47% return on stock holdings in the 3rd quarter, due to a market rise. However, as the fund loses assets and is in danger of insolvency down the road, the money managers have reduced stock holdings to 42% of total assets.

    The Independent Special Counsel Report notes that there are 58,278 active participants and 202,085 retirees drawing benefits. The average pension is $1,157 per month.

    We hope to get the year-end financial report soon, and will make that information available to members and retirees.

    The Central States Health and Welfare Fund financial report (rebranded TeamCare) continues to show a rapid growth in assets. During the first nine months of 2017, the H&W Fund took in $2.5 billion, while paying $2.0 billion in benefits.
    Central States Fund Quarterly Report: $15.1 Billion - Teamsters for a Democratic Union

  2. #2
    I Am Rocking Now

    Join Date
    Jan 2008
    Local Union
    641
    Employer
    Retired New Penn
    Location
    Northeastern PA
    Posts
    24,130
    Rep Power
    345

    Default Re: Central states fund quarterly report: $15.1 billion

    That is through September 2017.. I would be interested to see the next reports after the stock market climb since the election.

 

 

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