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Central States Pension Fund Bailout

The Teamsters Central States Pension Fund is finally on track to receive $36 billion in Special Financial Assistance, a taxpayer-funded bailout under the American Rescue Plan Act of 2021 that will prevent Central States from becoming insolvent in the near future.

This raises many issues for employers who participate in Central States and who have been closely watching their withdrawal liability as it skyrockets.

On January 11th, 2023, HesseMartone President & CEO Andy Martone and The Associated General Contractors of America‚Äôs Senior Director, Congressional Relations, HR, Labor and Safety, Jim Young, will present a webinar to the Southern Illinois Builders Association on the Central States bailout and the effect of the PBGC’s rulemaking on employers.

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