With the 5500 filing season done it is time to tentatively get back to some blogging – 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 2021:
Plan Name: Central States, Southeast & Southwest Areas Pension Plan
EIN/PN: 36-6044243/001
Total participants @ 12/31/21: 357,056 including:
- Retirees: 189,449
- Separated but entitled to benefits: 117,511
- Still working: 50,096
Asset Value (Market) @ 1/1/21: 10,409,440,502
Value of liabilities using RPA rate (2.43%) @ 1/1/21: $58,623,837,073 including:
- Retirees: $34,084,275,398
- Separated but entitled to benefits: $15,801,905,005
- Still working: $8,736,875,945
Funded ratio: 17.76%
Unfunded Liabilities as of 1/1/21: $48,214,396,571
Asset Value (Market) as of 12/31/21: $8,158,227,818
Contributions 2021 (MB): $659,828,567
Contributions 2021 (H): $502,060,375
Payouts 2021: $2,835,123,558
Expenses 2021: $53,768,628
Historical information going back to 2007 in a spreadsheet:
Burypensions Blog 
Posted by geo8rge on October 22, 2022 at 10:19 am
I wonder if there is a way to ‘claw back’ this signature Biden giveaway? It is very expensive and the resources to pay for it have already been sent to Ukraine. I am thinking there must be buyers regret in congress.
Posted by burypensions on October 22, 2022 at 10:29 am
Maybe something after the election (which is what this was for in the first place) or when Central States gets approved (scheduled for 12/10/22) and we get into real money.
Posted by 5500 – Central States – 2021 – Actuarial News on October 23, 2022 at 2:05 pm
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