Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Staff Accountant 2

BPAS
(Huntingdon Valley PA / Hybrid)

BPAS logo

Participant Services & Operations Coordinator

Pentegra
(Remote)

Pentegra logo

Consultant / Account Manager

Spectrum Pension Consultants (part of Daybright Financial)
(Remote / Tacoma WA / CA / OH)

Spectrum Pension Consultants (part of Daybright Financial) logo

Retirement Plan Administrator (Part-Time)

Accelefund, Inc.
(Remote / Lenexa KS)

Accelefund, Inc. logo

3(16) Retirement Plan & Customer Liaison

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Actually, the Central States Pension Plan Is Fully Funded
Elizabeth Bauer in Forbes Link to more items from this source
[Opinion]
Dec. 12, 2018

"There is another 'Central States' -- the Midwest Pension Plan sponsored by the Central States Joint Board ... [and] it's fully funded.... [U]nlike the Central States/Teamsters mob connections which ... resulted in such a corrupt management of their funds that the union was stripped of its ability to control those funds in 1982, the Central States Joint Board seems to have suffered no ill effects and may even have seen unexpected benefits: because pension funds were (partially) kept at the bank ($16 out of $93 million), its assumed asset return was 6% per year in 1999 and for six years thereafter, considerably lower than the average rate used that year, 7.2% (or, at median, 7%)."  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).