The Central States Pension Fund will run out of money in 2025, its executive director told retirees and workers covered by the plan. He urged them to press members of Congress to legislate a ...

Finally, last Friday, the Central States Pension Fund sent those dreaded letters to 407, 000 workers and retirees, mainly Teamsters employed by hundreds of trucking-related companies with roots in ...

The Central States Pension Fund that covers 400,000 retirees and active workers will be insolvent by Jan. 1, 2025, and only an act of Congress can save it, ...

One of the largest pension funds in the country says it needs to cut benefits for 273,000 current and future retirees as soon as July. Otherwise, it won't be able to pay any benefits after 2025.

The Central States Pension Fund announced Thursday it will not pursue a new rescue plan for the fund. On May 6, the U.S. Department of the Treasury denied the fund's rescue plan application ...

The Central States fund provides pension benefits to retired Teamsters truck drivers and their families. Nearly 50,000 of the fund's participants live in Ohio, more than in any other state.

The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without government funding, the fund will run out of money in 10 years, he said.

Central States Pension Fund’s actuary first forecast that the plan was not going to be able to amortize its liabilities in 2003. This occurred after a historic three-year period of negative ...

Central States isn't the only pension fund in trouble, of course. But at more than 400,000 participants and beneficiaries, it gets a lot of attention.

Central States Pension Fund recipients would see 19% benefit cuts under Senate GOP proposal. Senate Republicans' proposed fix does too little to preserve benefits, those facing cuts say.

Central States will not submit another application to Treasury, according to Thomas Nyhan, the pension’s executive director. “Our options are rather limited at this point,” Nyhan said.