# Joint Pension Fund of Local Union No. 102

Joint Pension Fund of Local Union No. 102 is a Pension Fund based in Parsippany, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Parsippany, United States
- **Region:** North America
- **Address:** 830 Bear Tavern Road, Parsippany, NJ 08628, United States
- **Founded:** 1958
- **Assets under management:** 662 (Altss estimate)
- **Website:** ibew102.org
- **LinkedIn:** https://www.ibew102.org/

## Regulatory record

- **Reports private funds:** No

## About

The Joint Pension Fund of Local Union No. 102 was established in 1958 to serve IBEW Local 102 members. Bernie Corrigan acts as president and trustee while Patrick Delle Cava serves as business manager. The plan supplies retirement, disability, and death benefits under a multiemployer structure. Asset allocation shows 55.32 percent in public equities and 35.41 percent in fixed income. Real estate accounts for 2.93 percent and private equity for 1.51 percent. External managers include JP Morgan Investment Management, Wellington Management, Invesco, Times Square Capital Management, and Kennedy Capital Management. The fund maintains a headquarters and training center in Parsippany, New Jersey. The fund participates in the NECA National Convention and sponsors the IBEW Local 102 Annual Motorcycle Run for charitable causes. It maintains relationships with the New Jersey Business & Industry Association and Choose New Jersey. Related philanthropic vehicles include the IBEW Founders' Scholarship Program and the IBEW Local 102 Community Service Fund.

## Sectors

- Diversified

## People

- Bernie Corrigan — President and Trustee
- Patrick Delle Cava — Business Manager

## Questions

### Who runs investment decisions at Joint Pension Fund of Local Union No. 102?

Bernie Corrigan serves as president and trustee. Patrick Delle Cava acts as business manager. External managers handle day-to-day portfolio execution.

### Does Joint Pension Fund of Local Union No. 102 participate in fund commitments or only direct deals?

The fund commits to external managers through vehicles such as JP Morgan Investment Management and Wellington Management. It also holds direct real estate assets including its headquarters and training center.

### What asset classes does Joint Pension Fund of Local Union No. 102 hold?

Public equities represent 55.32 percent of assets. Fixed income accounts for 35.41 percent. Real estate and private equity make up the balance at 2.93 percent and 1.51 percent respectively.

## Related profiles

- [Pritzker Foundation](https://altss.com/profile/pritzker-foundation)
- [Ann Arbor Employees' Retirement System](https://altss.com/profile/ann-arbor-employees-retirement-system)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/joint-pension-fund-of-local-union-no-102

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