Glaziers Local No.1162 Pension Fund

Glaziers Local No.1162 Pension Fund

The Glaziers Local No.1162 Pension Fund is a Taft-Hartley multiemployer pension plan serving members of the International Union of Painters and Allied Trades District Council 6 in Pittsburgh. Like most trade-union pension funds, it is jointly governed by a board of trustees representing both labor and contributing employers. The precise founding date is not publicly centralized, though craft union pension plans of this type typically trace their origins to mid-20th-century collective bargaining agreements. The fund’s disclosed investment strategy concentrates on private equity through commitments to buyout, growth, and venture capital vehicles (public record). This allocation pattern suggests a program built on primary fund commitments rather than direct co-investments, consistent with the governance capacity of a modestly staffed union plan. Geographic focus, while not explicitly published for each commitment, is inferred to be predominantly US-based, with exposure to North American and European managers through standard institutional fund-of-funds or gatekeeper relationships. No individual portfolio company names are publicly confirmed. The fund operates within the administrative orbit of the IUPAT District Council 6 benefits system, which handles multiple trade-specific pension, health, and welfare funds. Total assets and the number of plan participants are not publicly reported in a regularly updated manner, and the fund does not maintain a separate investment-transparency website apart from the District Council's broader benefits portal (iupat-dc6.org). No dedicated investment staff or consultants are named in public records. Recent operational events are not documented in public financial press or regulatory filings that identify the fund by name. Structurally, Local 1162’s pension fund differs from single-employer corporate plans in its governance model: Taft-Hartley funds must navigate joint trusteeship and Department of Labor oversight under ERISA, with investment decisions often delegated to an outside consultant. For a local union pension plan of this scale, the structural differentiator is the trade-specific, geographically bounded participant base — Pittsburgh glaziers — that defines both the fund’s liability stream and its conservative, multi-manager approach to private-markets exposure.