# Glaziers Local No. 1162 Pension Fund

Glaziers Local No. 1162 Pension Fund is a Pension Fund based in Strongsville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Strongsville, United States
- **Region:** North America
- **Address:** Pittsburgh, PA, United States
- **Founded:** 1898
- **Assets under management:** Undisclosed
- **Website:** iupat-dc6.org
- **LinkedIn:** https://www.linkedin.com/company/painters-allied-trades-dc6

## Regulatory record

- **Reports private funds:** No

## About

Glaziers Local No. 1162 is a Taft-Hartley multiemployer defined-benefit pension plan serving members of the International Union of Painters and Allied Trades (IUPAT) District Council 6 in the Pittsburgh, Pennsylvania region. The fund pools collectively bargained contributions from multiple signatory employers to provide retirement income for glaziers — the skilled tradespeople who install glass in commercial and residential structures. Board governance typically includes equal representation from union trustees and contributing employer trustees, a structural hallmark of multiemployer plans that embeds fiduciary decision-making inside the labor-management partnership. Asset allocation reflects the long-duration liability stream and moderate liquidity needs characteristic of an active building-trades pension fund. The plan holds commitments across public equities, fixed income, real assets, and private markets. Private equity exposure spans buyout, growth equity, and venture strategies — a standard configuration for multiemployer plans seeking an illiquidity premium to close funding gaps without taking excessive plan-level volatility. The fund's scale is modest relative to large state or corporate plans — typical for a local building-trades pension plan covering a single metropolitan craft jurisdiction. The Pittsburgh-area glazier workforce determines contribution flows, making asset growth inherently tied to construction cycles and union density in western Pennsylvania. Adjacent vehicles may include a health and welfare fund, an annuity plan, and apprenticeship training trusts, each governed by separate boards under the Taft-Hartley framework. The structural distinction of Glaziers Local No. 1162 — and of multiemployer plans generally — is the joint labor-management trusteeship that governs every investment decision. Trustees answer directly to union members and contributing contractors, creating a governance layer that institutional consultants and OCIO providers must navigate carefully. Funding ratios, discount-rate assumptions, and employer withdrawal liability dynamics shape the plan's active investment posture as much as any market view, making the boardroom as important as the portfolio construction.

## Questions

### What is a Taft-Hartley multiemployer pension plan?

A Taft-Hartley plan is a collectively bargained pension fund jointly governed by union and employer trustees. Contributions come from multiple signatory employers under a collective bargaining agreement, pooling assets into a single defined-benefit trust for covered workers. These plans are governed under ERISA and the Taft-Hartley Act of 1947, which requires equal labor-management representation on the board of trustees. Glaziers Local No. 1162 operates under this federal framework.

### Who governs investment policy and manager selection?

A board of trustees — evenly split between union-appointed and employer-appointed fiduciaries — governs investment policy and manager selection for the plan. Many multiemployer plans of this size also retain an institutional investment consultant to support asset-liability studies, manager due diligence, and performance monitoring. Final authority always rests with the trustee board acting as named fiduciaries under ERISA.

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Last updated: 2026-08-11T02:43:31.692Z

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