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Pension Crisis Hits Central States, Chicago-Area Union Funds
Crain's Chicago Business Link to more items from this source
Dec. 8, 2014
"The problem for all multiemployer plans across the country is that a Central States insolvency will swamp PBGC, causing it to go bankrupt, too.... Even with $17.77 billion in assets, Central States largely is unsustainable because deregulation of the trucking industry in 1980 has wiped out all but two of the 50 biggest contributors to the plan. Today it's paying out $4 for each dollar it collects from employers[.]"

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