# Central States, Southeast and Southwest Areas, Health and Welfare and Pension Funds

Central States, Southeast and Southwest Areas, Health and Welfare and Pension Funds is a Pension Fund based in Chicago, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 8647 West Higgins Road, Chicago, IL 60631, United States
- **Founded:** 1955
- **Assets under management:** Undisclosed
- **Website:** employer.mycentralstatespension.org

## Regulatory record

- **Reports private funds:** No

## About

The fund was established in 1955 to deliver pension and welfare benefits to workers covered by Teamster contracts. Thomas C. Nyhan serves as Executive Director and General Counsel. Assets sit in a dedicated fixed-income portfolio valued at $41.5 billion. BlackRock acts as named fiduciary and investment manager. Northern Trust serves as custodian. The geographic scope covers contributing employers across the central, southeastern and southwestern United States. No equity, private equity or hedge fund exposures remain after the 2023 restructuring. The fund maintains two scholarship vehicles: the Butch Lewis Memorial Scholarship Fund, created in 2022, and the James R. Hoffa Memorial Scholarship Fund. It occupies a purpose-built headquarters at 8647 West Higgins Road in Chicago. In 2023 the fund recorded receipt of $35.8 billion in PBGC assistance, which enabled the full transition to the current bond portfolio. Governance links the fund to the International Brotherhood of Teamsters through participant representation and collective bargaining signatories. Withdrawal liability claims against former employers such as Yellow Corporation remain active.

## Questions

### What asset classes does the fund hold after the 2023 restructuring?

The portfolio consists entirely of investment-grade fixed-income securities. Eighty percent follows a cash-matched strategy tied to future benefit payments.

### How is the fund connected to the International Brotherhood of Teamsters?

The union represents plan participants and beneficiaries. Contributing employers sign collective bargaining agreements with Teamster locals.

### What recent operational change affected the fund's balance sheet?

In 2023 the fund received $35.8 billion in Special Financial Assistance from the PBGC, enabling the shift to an all-fixed-income portfolio.

### Which employers have generated notable withdrawal liability matters?

Yellow Corporation entered bankruptcy in 2023 with outstanding claims. UPS withdrew in 2007 and settled its liability.

### Where does the fund custody its assets?

Northern Trust Corporation has served as custodian since 2005.

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- [USCA Asset Management](https://altss.com/profile/usca-asset-management)
- [Close Investments](https://altss.com/profile/close-investments)

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Last updated: 2026-06-03T20:00:00.000Z

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