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Central States Pension
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<blockquote data-quote="InsideUPS" data-source="post: 4051739" data-attributes="member: 31414"><p>2025</p><p></p><p>From - </p><p><a href="https://mycentralstatespension.org/helpful-resources/pension-crisis" target="_blank">Pension Crisis | Central States Pension Fund</a></p><p></p><p></p><p><em>"When the PBGC assumes pension payments, they are automatically reduced from the full benefit (example: a maximum guarantee of $1,072 per month for a Central States participant with 30 years of service). With more than 100 pension plans covering 1.3 million people projected to fail in the next 20 years, the PBGC is also expected to run out of money. In fact, it is projected that the <a href="https://mycentralstatespension.org/-/media/Pension/PDFs/fy2015-pbgc-projections-report.pdf?la=en&hash=E1D9543AF6DE4233A3D67042F57A8281594D8412" target="_blank">PBGC’s multiemployer program will run out of money in 2025</a>. If that happens, pension benefits would be reduced to essentially zero—no Central States Pension Fund participant would get any meaningful pension because Central States and the PBGC will both be out of money."</em></p></blockquote><p></p>
[QUOTE="InsideUPS, post: 4051739, member: 31414"] 2025 From - [URL="https://mycentralstatespension.org/helpful-resources/pension-crisis"]Pension Crisis | Central States Pension Fund[/URL] [I]"When the PBGC assumes pension payments, they are automatically reduced from the full benefit (example: a maximum guarantee of $1,072 per month for a Central States participant with 30 years of service). With more than 100 pension plans covering 1.3 million people projected to fail in the next 20 years, the PBGC is also expected to run out of money. In fact, it is projected that the [URL='https://mycentralstatespension.org/-/media/Pension/PDFs/fy2015-pbgc-projections-report.pdf?la=en&hash=E1D9543AF6DE4233A3D67042F57A8281594D8412']PBGC’s multiemployer program will run out of money in 2025[/URL]. If that happens, pension benefits would be reduced to essentially zero—no Central States Pension Fund participant would get any meaningful pension because Central States and the PBGC will both be out of money."[/I] [/QUOTE]
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