Some more info.........
The Central States Pension Fund is a multi-employer pension fund, and under federal law the Teamsters Union itself has no control over the management or investment strategy of the Fund. The Fund continues to operate under court and government supervision as the result of a 1982 Consent Decree. Under the terms of the Consent Decree, the Fund’s named fiduciaries—who are ultimately responsible for investment strategy and the overall investment program—must be approved by the Federal court after appropriate notice to the U.S. Department of Labor. The current designated named fiduciaries are J.P. Morgan and Goldman Sachs. Employer and employee trustees are prohibited from making any investment decisions.
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