Central States, Southeast & Southwest Areas Pension Fund
multiemployer plan · Teamsters Central States · Rockford, IL
Funding History
What This Means for You
Central States, Southeast & Southwest Areas Pension Fund is significantly underfunded at 22%, with $30.7B in unfunded liabilities affecting 381,692 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $8.7B | $39.4B | 22.0% | $744.5M |
| 2024 | $8.6B | $46.5B | 18.4% | $559.6M |
| 2023 | $8.1B | $34.2B | 23.6% | $654.4M |
| 2022 | $8.0B | $37.9B | 21.0% | $829.1M |
| 2021 | $7.2B | $42.5B | 17.0% | $813.3M |
Frequently Asked Questions
Central States, Southeast & Southwest Areas Pension Fund is 22% funded, meaning it has 22 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Central States, Southeast & Southwest Areas Pension Fund has 381,692 total participants, including 182,927 active employees and 198,765 retirees currently receiving benefits.
Yes, Central States, Southeast & Southwest Areas Pension Fund is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "critical."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.