Link: https://burypensions.wordpress.com/2022/05/09/central-states-fall/
Graphic:
Excerpt:
All 1,298 pages of the Central States, Southeast and Southwest Areas Pension Fund bailout application is on the SFA website but, for me, it is these two pages that tell the tale of the fall of this and many other union pension plans.
…..
Funded ratio: 21.91%
Unfunded Liabilities as of 1/1/20: $43,878,930,013
Asset Value (Market) as of 12/31/20: $10,409,490,502
Contributions 2020 (MB): $662,009,633
Contributions 2020 (H): $406,600,320
Payouts 2020: $2,842,184,040
Expenses 2019: $53,552,2071
Author(s): John Bury
Publication Date: 9 May 2022
Publication Site: burypensions