The Teamsters Central States Pension Fund (Fund) has long been recognized as the poster child for failing pension funds, and the attached Annual Funding Notice makes that point crystal clear. The primary point of the notice is that the Fund has dropped from 37% funded to an all time low of 27% funded in one year’s time.
The bottom line is that the Fund is expected to become insolvent in 2025. Therefore, any companies still involved with this Fund should be looking at all options for getting out as soon as possible.
Click here to read the Annual Funding Notice.
If you have any questions, please contact Mike Nystrom, Executive Vice President, at email@example.com or call him at 517-347-8336.