The Central States Pension Fund has decided not to submit a new rescue plan to avert future insolvency, leaving the question of funding future pensions for its Teamster members in the lap of Congress.
May 20, 2016Government, Business
Central States Won’t Create New Pension Rescue Plan, Appeals to Congress for Help
Government, Business
Financial Woes of Teamsters' Central States Pension Fund Hurt Employers, Too
The 225,000 people facing possible cuts in their retirement benefits are the most numerous and visible victims of the Central States Pension Fund troubles. But the fund's deep financial woes also have left hundreds of companies with large potential liabilities, essentially because they have survived where others failed.
December 14, 2015Business
Trucking Leaders From Louisiana, Kentucky See No Quick Changes Under New Governors
Trucking leaders in two states critical to freight transportation said they do not expect an immediate effect on their missions despite big political shifts in the governor’s mansions.
November 30, 2015