Message from the Board of Trustees
Central States Pension Fund is one of the nation’s largest multiemployer Taft-Hartley defined benefit pension plans. With more than 400,000 participants across the country, Central States Pension Fund is jointly administered by an eight-member Board of Trustees consisting of four Labor Trustees and four Employer Trustees.
Established in 1955 to provide pension benefits to Teamsters in the trucking industry, today, Central States Pension Fund has more than 1,500 contributing employers representing 60,000 participants in a variety of industries, including carhaul, tankhaul, pipeline, warehouse, construction, clerical, food processing, dairy and trucking.
At year end 2014, Central States Pension Fund had assets of $17.8 billion with a liability for promised benefits of $35 billion. The Fund pays out over $2.8 billion in pension benefits per year. To date, nearly $62 billion in retirement benefits have been paid by Central States Pension Fund to Teamster retirees and their families.
The Board of Trustees
|Employee/Union Trustees||Employer Trustees|
|Charles A. Whobrey
George J. Westley
Arthur H. Bunte, Jr.
|Thomas C. Nyhan|