Pensions by the Numbers: A Look at the Central States Fund

Today we look at one of the largest multiemployer pension plans that’s facing insolvency: the Central States, Southeast and Southwest Areas Pension Fund. It may not be able to pay any benefits to its 378,786 participants in seven years.

The plan covers participants who receive or will receive pension benefits as part of collectively bargained agreements with 1,335 employers. It is severely underfunded and projected to run out of money by 2025.

MI, OH have the most Central States Participants

Michigan and Ohio have the most Central States participants, with about 44,000 each. Missouri follows with about 30,000 participants, according to the plan’s website.

The Pension ...