US. Central States Pension Fund Could Be Insolvent by 2025
The Central States Pension Fund faces insolvency by 2025, and only congressional action can save it, the fund’s executive director says.
Thomas Nyhan, who leads the $15.1 billion fund, told its 400,000 members during a conference call late Wednesday night to take up the issue.
“Without your voice, there will be no legislation, and the fund will become insolvent,” Nyhan said on the call, urging beneficiaries to tell lawmakers the impact the fund’s insolvency would have on their lives.
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