IUOE Local 115

IUOE Local 115

International Union of Operating Engineers Local 115 was founded in 1931 and operates as a regional pension administrator for crane and heavy-equipment operators across British Columbia and Yukon. The plan collects contributions from unionized construction activity and channels them into a mandate centered on real estate and infrastructure — distinct from a diversified public-markets endowment model. Brian Railton serves as Business Manager alongside President Wayne Mills, with the organization functioning as an affiliate of the international IUOE and the BC Building Trades Council. The pension plan's deployment flows primarily into property directly occupied or controlled by the union. Known assets include the Operating Engineers' Pension Plan office in Burnaby, the residential project 115 Place on Cardston Court, and the Post 83 residential building, also in Burnaby. Commercial holdings feature the IUOE Local 115 Hall and Head Office on Ledger Avenue. A separate industrial asset — the IUOE Local 115 Training Association site in Maple Ridge — sits on 256 Street and functions as a heavy-equipment operator training ground, an uncommon operational integration where the plan's investment directly supports workforce development. Total assets under management are undisclosed; the plan does not publish financial statements in a format permitting precise sizing. Brian Cochrane, the former long-time Business Manager, now holds a directorship at Community Savings Credit Union, a partner institution with union ties. The plan maintains national affiliations through the Canadian Office of the Operating Engineers and the BC Federation of Labour, though these do not represent pooled investment vehicles. Philanthropic activity flows through the IUOE National Charity Fund. IUOE Local 115's structural distinction lies in concurrency: its largest non-pension assets — the training site and union hall — serve the same membership that funds the retirement plan. This blurs the line between benefit administrator, employer, and direct real estate operator in a way that generational multi-employer plans in the US have largely unwound. The plan has not disclosed any external fund commitments or co-investment mandates.