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UPS Union Issues
Central States Pension end of year update 2012
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<blockquote data-quote="Delivered" data-source="post: 1168675" data-attributes="member: 518"><p><a href="https://www.tdu.org/sites/default/files/CSPFFinancialInfoYearEnd2012.pdf" target="_blank">https://www.tdu.org/sites/default/files/CSPFFinancialInfoYearEnd2012.pdf</a></p><p></p><p></p><p>The fund made 13.6% on investments for 2012, due to a booming stock market, but still was only able to tread water: assets went up less than 1%, from $17.7 to $17.8 billion. This is because the fund took in only $765 million in employer contributions, and paid $2.8 billion in benefits, so had to draw $2.1 billion from assets for benefits. -</p><p></p><p><a href="http://www.tdu.org/central-states-pension-fund-178-billion" target="_blank">Central States Pension Fund: $17.8 Billion | Teamsters for a Democratic Union</a></p></blockquote><p></p>
[QUOTE="Delivered, post: 1168675, member: 518"] [url]https://www.tdu.org/sites/default/files/CSPFFinancialInfoYearEnd2012.pdf[/url] The fund made 13.6% on investments for 2012, due to a booming stock market, but still was only able to tread water: assets went up less than 1%, from $17.7 to $17.8 billion. This is because the fund took in only $765 million in employer contributions, and paid $2.8 billion in benefits, so had to draw $2.1 billion from assets for benefits. - [url=http://www.tdu.org/central-states-pension-fund-178-billion]Central States Pension Fund: $17.8 Billion | Teamsters for a Democratic Union[/url] [/QUOTE]
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