What is Central States Health and Welfare Fund?
Central States Health & Welfare and Pension Funds are two of the largest nonprofit multi-employer trust funds in the country administrating health and pension benefits to Teamster members and participants.
Will Central States Pension Fund survive?
Central States Pension Fund remains in critical and declining status, and is projected to run out of money by 2025 or sooner. … At this time, only government funding, either directly to our Pension Fund or through the PBGC, will prevent Central States participants from losing their benefits entirely.
What is TeamCare a Central States Health Plan?
TeamCare offers flexible plans and a full range of affordable medical benefits to our members and their families. Our extensive network of partners and providers make your medical and preventative care – including routine checkups and important screenings – a top priority.
What type of insurance is TeamCare?
TeamCare is more than just health coverage – it’s your entire health, covered. We’ve designed the best coverage plans and partnered with the strongest PPO networks, so getting healthy is easy.
Is Pension better than 401k?
Pensions can provide substantial retirement income, but that money isn’t nearly as risk-free as you might think. … But believe it or not, a 401(k) may actually be a better source of retirement funding than a pension would be.