Central States Pension Fund is now 97.5% funded - Teamsters for …
May 4, 2023 · It’s a rags-to-riches story: the Central States Pension Fund went from 14.5% funded and in critical and declining status to 97.5% funded and in healthy condition. That information is contained in the Annual Funding Notice which was sent to all participants in April.
In Victory for Teamster Retirees, Central States Pension Fund …
Dec 8, 2022 · (WASHINGTON) – Nearly 350,000 Teamster retirees are celebrating today over an announcement that the Central States Pension Fund (CSPF) will be granted $36 billion by the Pension Benefit Guaranty Corporation. The grant ensures they will enjoy their full pension benefits for the rest of their lives.
PBGC Approves SFA Application for Teamsters Local 11 Plan
Dec 13, 2024 · WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Teamsters Local 11 Pension Plan (Teamsters Local 11 Plan). The plan, based in North Haledon, New Jersey, covers 2,012 participants in the transportation industry. The Teamsters Local 11 Plan, which is in critical ...
Teamsters pension plan repays $127 million in excess funding …
Apr 8, 2024 · The Pension Benefit Guaranty Corp. said April 8 that the Central States’ pension plan has returned the $127 million overpayment it received that erroneously counted dead retirees in the...
IN VICTORY FOR TEAMSTER RETIREES, CENTRAL STATES PENSION …
WASHINGTON, Dec. 8, 2022 /PRNewswire/ -- Nearly 350,000 Teamster retirees are celebrating today over an announcement that the Central States Pension Fund (CSPF) will be granted $36 billion by...
Biden: Teamster workers getting federal bailout for pension fund
Dec 8, 2022 · WASHINGTON – President Joe Biden on Thursday announced a federal bailout for a pension fund largely benefiting Teamster workers and retirees, saying that cuts to those pension benefits that...
Teamster trustees improve pension benefits - Teamsters Joint …
Apr 30, 2024 · Building on the strong investment results of 2023, the trustees of the Western Conference of Teamsters Pension Trust (WCTPT) approved major benefit improvements at …
Statement from President Joe Biden on Protecting 600,000 Teamster Pensions
Jul 29, 2024 · As of today, over 600,000 Teamster workers and retirees have pensions protected from devastating cuts. They earned those pensions after working for decades. And now they can retire with dignity.
Central States Pension Fund awarded $35.8 billion in bailout
Dec 8, 2022 · The White House announced this morning that it was awarding $35.8 billion to the Central States Pension Fund, which provides benefits primarily to retired Teamsters truck drivers and their...
Feds to provide $36 billion to ensure Teamsters pensions …
Dec 8, 2022 · The federal government will allocate $36 billion to shore up the Central States Pension Fund, a cash-strapped retirement fund that primarily benefits members of the Teamsters union, President...