Massachusetts Laborers' Pension Fund

Massachusetts Laborers' Pension Fund

The Massachusetts Laborers' Pension Fund was established in 1962 as the retirement vehicle for members of the Laborers' International Union of North America (LIUNA) working under the jurisdiction of the Massachusetts Laborers' District Council. Employers contribute on behalf of covered laborers, with the fund guaranteeing a monthly income stream upon retirement. Joseph C. Bonfiglio serves as Plan Administrator, while Barry McAnarney oversees the broader Massachusetts Laborers' Benefit Funds as Executive Director. The fund allocates capital across a multi-asset portfolio spanning direct real estate, infrastructure, and commodities and natural resources exposure. Its real estate footprint includes mixed-use assets within the United States, while infrastructure commitments extend globally. The portfolio construction reflects the long-duration liability profile typical of a union pension plan, balancing income-generating property holdings with growth-oriented infrastructure stakes. The fund does not publicly disclose specific portfolio companies or limited partnership commitments. With an estimated $954 million in assets, the fund operates from a single location in Burlington, Massachusetts. It is affiliated with LIUNA's national network and maintains business-partner relationships with the Massachusetts Laborers' District Council. The structure is purely an asset owner; there are no adjacent vehicles such as foundations, co-investment clubs, or operating businesses linked to the fund in publicly available records. As a Taft-Hartley plan, its structural differentiator is governance — trustees appointed equally by labor and management oversee investment policy, creating a checks-and-balances dynamic that shapes manager selection and asset allocation decisions. This joint trusteeship model distinguishes it from public pension funds and single-family offices, embedding collective bargaining principles directly into portfolio oversight.