Cement and Concrete Workers DC Pension Fund

Cement and Concrete Workers DC Pension Fund

The Cement and Concrete Workers DC Pension Fund was established in 1954 to serve members of the Cement and Concrete Workers District Council across New York City boroughs. It operates as a multiemployer defined-benefit plan that supplies retirement, disability, and death benefits to covered union participants. Investment activity centers on private equity and mezzanine strategies executed primarily through fund-of-funds vehicles. The fund maintains a 0.3 percent allocation to private equity and holds commercial property via its Cement & Concrete Workers Pension Fund Holding Corp. Geographic exposure remains concentrated in the United States, with activity centered in New York. Assets total $668 million. The fund maintains the Cement and Concrete Workers Scholarship Fund, which distributes educational grants to participants and beneficiaries. Trustees include Angelo Angelone, Michael Salgo, and John Peters. Service providers encompass legal counsel from Proskauer Rose and Gorlick Kravitz & Listhaus plus actuarial support from Horizon Actuarial Services. Governance follows standard multiemployer structure with equal union and employer representation, including ties to the Laborers' International Union of North America and The Cement League.