Central States Pension Fund Salary

How much does the Central States Pension Fund Pay for employees?

As of August 2026, the average annual salary for employees at Central States Pension Fund in the United States is $94,426. This translates to an approximate hourly wage of $45. Salaries at Central States Pension Fund typically range from $83,077 to $106,770 annually, reflecting the diverse roles and experience levels within the company. Central States Pension Fund’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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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 market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Central States Pension Fund
Insurance
St Paul Teachers Retirement Fund Association
CFOShare
Industry Comparison
Our data shows that, on average, compensation at Central States Pension Fund is below the average for the U.S. Insurance industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Central States Pension Fund average annual salary with several similar companies. Central States Pension Fund average salary of $94,426 is lower than St Paul Teachers Retirement Fund Association, which has an average salary of $97,643. It is higher than CFOShare, with their average salary at $91,799. This places Central States Pension Fund in a mid-range position among its peers.
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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.
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.
Training programs are thorough, aiding professional growth. Positive workplace. The company follows industry best practices, ensuring smooth operations.

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
Social Media
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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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.