Where is Central States Pension Fund located?

Central States Pension Fund is headquartered in Des Plaines, Illinois, but may have operations in other locations within the Insurance sector.

What industry is Central States Pension Fund in?

Central States Pension Fund operates in the Insurance industry.

Central States Pension Fund Average Salary, Pay Ranges & Benefits

Q: What does Central States Pension Fund do?

According to the company's overview, Central States Pension Fund is one of the nation's largest multiemployer Taft-Hartley defined benefit pension plans.

Central States Pension Fund Salary

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Salary at Central States Pension Fund

Current Job Openings at Central States Pension Fund

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Is Central States Pension Fund’s Pay Competitive? Salary Benchmarking Analysis

How does Central States Pension Fund's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
St Paul Teachers Retirement Fund Association	$97,643	+3.4%	Influenced by prevailing union wage agreements specific to St Paul Teachers Retirement Fund Association's sector.
CFOShare	$91,799	-2.8%	Suggests CFOShare utilizes a highly similar base-plus-benefits compensation model.
Electrical Workers Benefit Trust Fund	$87,105	-7.8%	Electrical Workers Benefit Trust Fund likely leverages performance bonuses over the high base salary shown here.
Fort Worth Employees Retirement Fund	$89,131	-5.6%	Normalized for lower cost-of-living zones where Fort Worth Employees Retirement Fund primarily operates.
Insurance Industry	$123,858	+31.2%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Central States Pension Fund's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Central States Pension Fund. Click a company name to learn more.

St Paul Teachers Retirement Fund Association

$97,643 / year

Salary Range: $85,917 - $110,404

Saint Paul, MN

CFOShare

$91,799 / year

Salary Range: $80,767 - $103,795

Denver, CO

Electrical Workers Benefit Trust Fund

$87,105 / year

Salary Range: $76,644 - $98,490

Indianapolis, IN

Fort Worth Employees Retirement Fund

$89,131 / year

Salary Range: $78,422 - $100,783

Fort Worth, TX

Crossplans

$99,309 / year

Salary Range: $87,374 - $112,281

Laguna Hills, CA

Blue Cloud Ventures

$108,971 / year

Salary Range: $95,878 - $123,207

New York City, NY

Touchstone Retirement Group LLC

$86,072 / year

Salary Range: $75,727 - $97,320

Amherst, NY

ITM Ltd

$82,464 / year

Salary Range: $72,557 - $93,247

London, WV

El Paso Firemen

$79,806 / year

Salary Range: $70,220 - $90,235

El Paso, TX

Employee Reviews: Working at Central States Pension Fund

Considering a career at Central States Pension Fund? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

I appreciate the company’s commitment to employee well-being and professional growth. The workplace is inclusive, and diversity is celebrated. The company is stable, with little turnover in my department. Flexible hours and remote options improve productivity. The insurance products are top-tier, making it easy to stand behind them.

Commented in March 08, 2025

The team is cohesive, and management is approachable. Great workplace with a focus on employee well-being. The leadership is transparent about company direction, making employees feel involved. Flexible work options and strong benefits add to the appeal. Benefits like health coverage, retirement plans, and performance bonuses are excellent. A stable employer with standard industry benefits.

Commented in February 26, 2025

Training programs are thorough, aiding professional growth. Positive workplace. The company follows industry best practices, ensuring smooth operations.

Commented in February 07, 2024

Central States Pension Fund Overview

Website

www.mycentralstatespension.org

Founded In

1950

Employees

<25 employees

Industry

Insurance

Headquarter Address

PO Box 5109 Des Plaines Illinois IL 60017

Revenue

<$5 Million

Phone Number

+1 8003232152

About Central States Pension Fund

Central States Pension Fund is one of the nation's largest multiemployer Taft-Hartley defined benefit pension plans. With more than 400,000 participants and beneficiaries across the country, Central States Pension Fund is jointly administered by an eight-member Board of Trustees consisting of four Labor Trustees and four Employer Trustees. Established in 1955 to provide pension benefits to Teamste

What Benefits Does Central States Pension Fund Offer Beyond Salary?

A competitive compensation package is more than just a salary. Central States Pension Fund offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

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What Is the Cost of Living Near Des Plaines?

Understanding the cost of living near Des Plaines is key to truly evaluating a salary offer or your current compensation at Central States Pension Fund.

Des Plaines' Cost of Living Index is approximately 103.8 (3.8% more expensive than US average; 10.7% more than IL average). NW Chicago suburb near O'Hare, housing costs near US avg. Pace bus, Metra rail. When planning your budget based on a salary from Central States Pension Fund, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,300 - $1,850+	A significant portion of Central States Pension Fund salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	Pace/Metra (varies)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$400 - $590	Can be higher with more dining out or specialty stores.
Personal & Leisure	$370 - $670+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$380 - $690+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,590 - $4,030+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Central States Pension Fund

1. What is the typical salary range (low to high) for most roles at Central States Pension Fund?

The typical annual salary range for most roles at Central States Pension Fund is approximately from $83,077 to $106,770. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Central States Pension Fund pay compared to St Paul Teachers Retirement Fund Association?

The average annual salary at Central States Pension Fund is $94,426, or an hourly wage of $45, in comparison to St Paul Teachers Retirement Fund Association which pays $97,643 per year or $47 per hour.

3. How does experience level affect salary at Central States Pension Fund?

Experience level is a significant factor in determining salary at Central States Pension Fund, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Central States Pension Fund in Des Plaines is fair given the local cost of living?

To determine if a salary offer from Central States Pension Fund in Des Plaines is fair, first compare the gross salary to our data for similar roles at Central States Pension Fund and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Des Plaines" to understand its purchasing power.

5. What factors influence salary increases at Central States Pension Fund?

Salary increases at Central States Pension Fund are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.