5500 – Central States – 2020

With the 5500 filing season done for us it is time to get back to blogging – shredding constitutions in Union County and Kenilworth at countywatachers and the union plan bailout here – starting with the plan that was likely to bring the PBGC (and the entire private pension system) down before the SFA bailout and now will be another cog in the hyperinflation wheelbarrow.

We had some 5500 history in an earlier blog through 2016. This is where the plan was last year based on their 5500 filing for 2020:

Plan Name: Central States, Southeast & Southwest Areas Pension Plan

EIN/PN: 36-6044243/001

Total participants @ 12/31/20: 364,908 including:

  • Retirees: 191,550
  • Separated but entitled to benefits: 121,667
  • Still working: 51,691

Asset Value (Market) @ 1/1/20: 12,309,907,060

Value of liabilities using RPA rate (2.95%) @ 1/1/20: $56,188,837,073 including:

  • Retirees: $33,047,759,091
  • Separated but entitled to benefits: $14,458,423,787
  • Still working: $8,682,654,195

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

Historical information going back to 2007 in a spreadsheet:

2 responses to this post.

  1. […] update came out today with three new filings, including one of the largest so far (though not that one […]

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