# MEBA Pension Trust

MEBA Pension Trust is a Pension Fund based in Baltimore, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Founded:** 1955
- **Assets under management:** Undisclosed
- **Website:** https://www.mebaplans.org
- **LinkedIn:** https://linkedin.com/company/mp-pension_211111

## Regulatory record

- **Reports private funds:** No

## About

The Marine Engineers' Beneficial Association (MEBA) Pension Trust is a multi-employer defined-benefit plan serving licensed deck and engineering officers in the US maritime industry. Participating employers include Matson, Chevron — through a dedicated Chevron-MEBA Marine Pension Plan — and Overseas Shipholding Group, along with public-sector operators like the Golden Gate Bridge, Highway and Transportation District for ferry vessel masters. The union itself, an AFL-CIO affiliate, represents the beneficiary base, with union president Adam Vokac chairing the board of trustees. The trust's investment posture is dominated by private equity secondaries, a strategy niche within Taft-Hartley plans that typically allocate more heavily to public equities and fixed income. MEBA Pension Trust holds a commercial asset at 444 North Capitol Street NW in Washington, D.C., the Hall of the States building, and operates the Calhoon MEBA Engineering School, a training facility in Easton, Maryland — both of which hint at a willingness to hold direct real estate and operating assets alongside its fund commitments. No AUM or total deployment figure is publicly disclosed, nor are specific fund names or secondary-market intermediaries that the trust works with on a recurring basis. Board governance flows through the MEBA union structure rather than a dedicated in-house investment staff, typical for mid-sized Taft-Hartley plans. The trust's affiliation with the American Maritime Congress, a non-profit research group financed by MEBA and contracted vessel operators, provides a Washington policy conduit that intersects with its long-duration capital — maritime regulatory outcomes directly affect the contributing employers whose contributions fund the plan. No recent closed-fund commitments, RFP activity, or board-level investment committee changes have been publicly reported in the last 24 months. What distinguishes MEBA Pension Trust structurally is its concentration in a single alternative-asset strategy within a union pension framework that usually defaults to diversified, liquid benchmarks. Without public disclosure of the secondary-market pipeline or co-investment partners, the trust's edge remains its alignment with a specific, federally-regulated industrial workforce whose retirement liabilities are matched against a portfolio that prizes discount-to-NAV entry points.

## Sectors

- Secondaries & Special Situations

## People

- Adam Vokac — President of MEBA, Chairman of the Board of Trustees

## Questions

### Who governs investment decisions at MEBA Pension Trust?

The Board of Trustees, chaired by MEBA union president Adam Vokac, governs investment decisions. As a Taft-Hartley plan, the board is composed of an equal number of union and employer representatives. No dedicated in-house chief investment officer or internal investment team is identified in public records, which is typical for mid-sized multi-employer plans that often rely on an investment consultant to shape strategy and manager selection.

### Which employers contribute to the MEBA Pension Trust?

Participating employers include Matson, Chevron Corporation — via a dedicated Chevron-MEBA Marine Pension Plan — and Overseas Shipholding Group. The Golden Gate Bridge, Highway and Transportation District also contributes on behalf of ferry vessel masters. These are collectively bargained contributions, meaning contribution rates and employer participation are governed by labor agreements between MEBA and vessel operators.

### Does MEBA Pension Trust hold any direct assets outside of fund commitments?

Yes. The trust owns the Hall of the States building at 444 North Capitol Street NW in Washington, D.C., and operates the Calhoon MEBA Engineering School in Easton, Maryland. These are direct holdings — real estate in Washington and an operating facility in Maryland — that sit alongside the secondaries-focused portfolio and suggest an appetite for tangible, long-dated assets connected to the union's operational footprint.

### How does the American Maritime Congress relate to the pension trust?

MEBA is a founding affiliate of the American Maritime Congress, a non-profit research and policy group that advocates for US-flag shipping and maritime jobs. While the AMC does not directly manage trust assets, its policy work affects the economic health of the employers that fund the pension — regulatory outcomes on cargo preference laws or Jones Act enforcement can directly influence contribution levels and plan health.

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

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