Alaska Electrical Pension Plan

Alaska Electrical Pension Plan

The Alaska Electrical Pension Plan was established in 1968 to serve electrical, telecommunications, and related workers represented by IBEW Local 1547. Laurie Butcher acts as Executive Administrator while Peter Crosson manages the real-estate allocation. The plan operates under the Alaska Electrical Trust Funds alongside three other Taft-Hartley vehicles. Asset deployment includes commitments to NB Crossroads Fund XXI, NB Crossroads Fund 23, Pathway Private Equity Fund Investors 8, SEI Global Private Assets III, GCM Grosvenor Private Equity Funds, Adams Street Partners Private Equity Funds, and Na'-Nuk Investment Fund 2. Public equity exposure reached an estimated $583M as of the 2024 funding notice. Real-estate holdings center on the headquarters building at 701 East Tudor Road valued at $62.9M. Geographic reach covers the United States and select global private-equity markets. The plan reports 27% of assets in public equities and maintains memberships in the National Coordinating Committee for Multiemployer Plans, the International Foundation of Employee Benefit Plans, and Institutional Real Estate Inc. Service providers include State Street Bank and BNY Mellon as custodians, Callan LLC as investment advisor, Milliman as actuary, and BDO USA as auditor. No operational events from the last 24 months appear in available records. Governance rests with labor and management trustees drawn from IBEW Local 1547 and the NECA Alaska Chapter, creating a joint board structure typical of multiemployer plans rather than a single-family or corporate pension model.