Updated:
New Jersey Health Care Employers Pension Plan
The District 1199J New Jersey Health Care Employers Pension Plan operates as a Taft-Hartley multiemployer pension fund for healthcare employees represented by...
New Jersey Health Care Employers Pension Plan
The District 1199J New Jersey Health Care Employers Pension Plan operates as a Taft-Hartley multiemployer pension fund for healthcare employees represented by AFSCME/NUHHCE District 1199J. The fund covers workers at contributing employers including CarePoint Health, which is both a plan sponsor and a debtor to the plan via a promissory note from HUMC Opco/Holdco. The plan's trustee board includes union trustees like Susan M. Cleary and employer trustees like Zachary Lipner, with Pressy Lavrador serving as Pension Director. As a multiemployer plan in critical and declining status per its 2022 certification, the fund faces statutory requirements to adopt a rehabilitation plan under the Pension Protection Act. This status compels trustees to either reduce adjustable benefits, increase employer contributions, or both — a constrained posture that limits new investment flexibility. A known hard asset on the fund's books is the commercial property at 9-25 Alling Street in Newark, New Jersey, alongside the promissory note from CarePoint Health's operating and holding companies. The plan's asset base and professional headcount are not publicly disclosed. The fund operates from Newark, New Jersey, with no known additional offices. Its association with the national AFSCME/NUHHCE labor organization provides a structural link to a broader union network, though the plan's investment committee and outside consultant relationships remain opaque. The plan's defining structural feature is its distressed legal status. Unlike healthy pension funds that can allocate opportunistically across private equity, real assets, and credit, a plan in critical status operates under regulatory triage — prioritizing near-term liquidity and contribution adequacy over long-term portfolio construction. The CarePoint Health relationship introduces direct employer-concentration risk that most public plans would diversify away.
General information
Firm type
Pension Fund
Year founded
1970
Location
Region
North America
Country
United States
City
Newark
Corporate office
Newark, NJ, United States
Principals
Pressy Lavrador
Pension Director
Susan M. Cleary
Union Trustee
Zachary Lipner
Employer Trustee
Frequently asked questions
What does 'critical and declining status' mean for this pension plan?
Under the Pension Protection Act of 2006, a multiemployer plan certified as critical and declining is projected to become insolvent within 15 to 29 years. The trustees must adopt a rehabilitation plan that may reduce adjustable benefits — such as early retirement subsidies or disability benefits — and impose employer surcharges. The plan's 2022 certification places it in this triage framework, overseen by the U.S. Department of Labor.
Who are the contributing employers to the plan?
Confirmed contributing employers include CarePoint Health, a New Jersey hospital system. CarePoint Health is also a debtor to the plan through a promissory note from its operating and holding companies (HUMC Opco/Holdco). The full list of contributing employers is not publicly available but is documented in the plan's annual Form 5500 filings.
How is the plan governed?
Governance follows the Taft-Hartley model with a board of trustees split evenly between union and employer representatives. Known trustees include Susan M. Cleary (union trustee) and Zachary Lipner (employer trustee). Pressy Lavrador serves as Pension Director, managing day-to-day administration.
Does the plan maintain any direct real estate holdings?
Yes — the plan holds the commercial property at 9-25 Alling Street in Newark, New Jersey. It is unclear whether this is a direct investment or employer-related real estate associated with plan operations. The property appears on the plan's asset disclosures.
What union is the plan affiliated with?
The plan is associated with District 1199J of AFSCME/NUHHCE (National Union of Hospital and Health Care Employees), which represents healthcare workers across New Jersey. District 1199J is part of the larger 1199SEIU United Healthcare Workers East labor organization.
Is the plan open to new participants?
Multiemployer plans in critical status typically continue to accept contributions from existing employers but may restrict new employer entry. Specific participation rules for this plan would be detailed in its rehabilitation plan filed with the Department of Labor. The public record is silent on current enrollment posture.
Can this plan invest in private equity or alternative assets?
While multiemployer plans in critical status are not explicitly barred from alternative investments, their immediate liquidity needs and contribution-recovery priorities typically constrain allocations to illiquid assets. The plan's known holdings — real estate and a promissory note — suggest limited deployment capacity for traditional private equity fund commitments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: