# British Columbia Labourers' Pension Plan

British Columbia Labourers' Pension Plan is a Pension Fund based in Surrey, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Surrey, Canada
- **Region:** North America
- **Address:** #100-19092 26th Avenue, Surrey, B.C. V3Z 3V7, Canada
- **Assets under management:** Undisclosed
- **Website:** www.cswu1611.org

## Regulatory record

- **Reports private funds:** No

## About

The British Columbia Labourers' Pension Plan is the retirement vehicle for members of the Construction & Specialized Workers Union Local 1611 (LiUNA), a diverse union whose membership spans road building, pipeline, utility, mining, dock and shipyard, healthcare, and industrial plant sectors across British Columbia and the Yukon. The plan's governance falls under union trustees, with Business Manager Nav Malhotra serving as a key representative. It operates from the union's head office in Surrey and maintains a separate administrative address for medical and pension services directly adjacent. Investment deployment is concentrated in two main vehicles: Concert Properties Ltd., a Vancouver-based mixed-use real estate developer with income-producing properties across Canada, and Concert Infrastructure Fund, which invests in Canadian social and transportation infrastructure and is a signatory to the UN-supported Principles for Responsible Investment. The plan's disclosed holdings reflect a preference for wholly owned or closely held platforms over fund-of-funds commitments. Co-investment partners include peer BC union pension funds coordinated through the BC Building Trades Council, with Concert Properties co-founder David Podmore acting as Chair Emeritus and representative of shareholder plans. The plan does not publicly disclose total assets or deployment figures. Its 100%-plus funded status, referenced in Altss research, distinguishes it from many North American multi-employer plans facing solvency pressure. The plan's administrative arm operates alongside the union's ten field offices from Vancouver Island to Kitimat, functioning as a lean internal asset owner rather than a separate institutional infrastructure. Concert Properties and Concert Infrastructure remain its only publicly named portfolio holdings. The plan's structure is atypical: it pools capital with other BC building-trades pension funds inside purpose-built platforms rather than issuing external mandates. Concert Properties serves as a dedicated real asset developer for its union shareholders, creating a direct line from member contributions to completed projects. Board influence flows through shareholder representation rather than a traditional CIO-led investment committee.

## Sectors

- Real Estate
- Infrastructure

## Offices

- Campbell River, BC
- Nanaimo, BC
- Victoria, BC
- Kitimat, BC
- Prince George, BC
- Nelson, BC
- Kelowna, BC
- Kamloops, BC

## People

- Nav Malhotra — Business Manager, LiUNA Local 1611 / Trustee

## Questions

### Who runs investment decisions at the British Columbia Labourers' Pension Plan?

The plan is governed by trustees representing LiUNA Local 1611, with union Business Manager Nav Malhotra acting as a key representative. Investment deployment flows through dedicated platforms — Concert Properties and Concert Infrastructure — rather than a traditional internal CIO team. Board influence is exercised through shareholder representation on these platforms.

### What is Concert Properties and how does the plan participate?

Concert Properties is a Vancouver-based real estate developer, co-founded by David Podmore, that is owned by union pension plans including the BC Labourers' Pension Plan. The company develops mixed-use and income-producing properties across Canada, giving its shareholder plans direct exposure to long-dated real assets without intermediary fees.

### Does the plan invest outside of Canada?

All publicly disclosed portfolio holdings are Canadian. Concert Properties operates within Canada, and Concert Infrastructure Fund targets exclusively Canadian infrastructure projects. There is no public evidence of international portfolio companies, funds, or direct investments outside the domestic market.

### How is the plan governed and regulated?

The plan is registered with the BC Financial Services Authority under number 85909-1 and governed by union-appointed trustees. The union itself, LiUNA Local 1611, provides administrative and field-office infrastructure. Pension and medical plan administration operates from a separate address adjacent to the union head office in Surrey.

## Related profiles

- [British Airways PLC Pension Plan (U.S.A.)](https://altss.com/profile/british-airways-plc-pension-plan-u-s-a)
- [Brookline Investments](https://altss.com/profile/brookline-investments)

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

Canonical page: https://altss.com/profile/british-columbia-labourers-pension-plan

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