Edison Pension Trust Board of Trustees

Edison Pension Trust Board of Trustees

The Edison Pension Trust is a multiemployer defined-benefit plan rooted in the unionized electrical industry of the Pacific Northwest. Governed by a board of trustees drawn equally from labor — IBEW Local Union No. 48 — and management — the Oregon-Columbia Chapter of the National Electrical Contractors Association — the trust follows the classic Taft-Hartley model in which contributing employers remit a negotiated hourly amount into a pooled fund. Trustees Gary Price and Karl Jensen represent the NECA side of the board, while former trustee Max Landon reflects a longer bench of employer trustees who have participated in stewardship. The trust's investment strategy blends direct real estate ownership with venture capital exposure, a combination that differentiates it from many smaller union pension plans that lean heavily on public equities. A named direct holding is REEF Parkway LLC, the entity tied to a commercial building at 4897 Lake Park Boulevard in Salt Lake City, Utah. Broader real estate deployment runs through the Washington Capital Joint Master Trust Real Estate Equity Fund, which gives the trust access to properties across the Western United States. The venture capital allocation — listed across multiple strategy tags — suggests a diversified approach encompassing generalist early-stage commitments, though the specific underlying fund managers or direct co-investments are not publicly documented by the trust. Professional staff size and total assets under management are not publicly disclosed by the trust committee. Governance is split evenly between union and employer-appointed trustees, with decisions made collectively — a hallmark of Taft-Hartley plan design. The trust's membership in North America's Building Trades Unions provides access to NABTU's centralized investment programs and reporting infrastructure, tying the Edison plan into a broader labor-capital ecosystem that aggregates hundreds of billions in retirement assets across participating plans. This institutional alignment extends into co-investment pathways and manager selection via labor-friendly investment consultants. What distinguishes the Edison Pension Trust structurally is its dual-pronged, property-level engagement in an asset class often delegated entirely to fund managers. The direct ownership of a Utah commercial property alongside a commingled real estate fund demonstrates a willingness to operate granularly within the real asset layer, while the venture allocation signals a standard institutional posture toward growth exposure — a rare pairing for a plan of its likely size, and one that suggests trustee-level conviction in real assets as a long-term inflation hedge for electrical workers collectively bargaining their retirement security.