New York State Teamsters Health & Hospital Fund

New York State Teamsters Health & Hospital Fund

The New York State Teamsters Council Health & Hospital Fund operates out of Syracuse, New York, administering health and hospital benefits for Teamsters members in the state. It is one of three funds under the NY Teamsters Benefits Fund umbrella, sitting beside the UPS Retiree Health Fund and the Conference Pension & Retirement Fund. United Parcel Service stands as a major contributing employer, a relationship that shapes the fund's multi-employer character. The fund's known investment posture includes commitments to alternative assets, though specific allocation targets or asset-class exposures are not publicly detailed. Its board of trustees — a nine-member group that includes John Bulgaro, Daniel W. Schmidt, Michael S. Scalzo, Sr., Mark Gladfelter, Bob Schaeffer, Brian Hammond, Mark May, and Paul Markwitz — oversees both benefit administration and investment policy. The fund's structure pools contributions from multiple employers, a model common among Taft-Hartley plans. Executive Administrator Kenneth R. Stilwell leads day-to-day operations from the fund's office at 151 Northern Concourse in Syracuse. The fund's website emphasizes member-facing functions — plan documents, contact information, and access to benefit details — over institutional transparency on asset management or investment personnel. No recent investment leadership transitions or strategy announcements have been publicly identified. Unlike single-family offices or endowment-style allocators, the Health & Hospital Fund operates as a collectively bargained benefit trust. Its governance and fiduciary decisions flow through a trustee board representing labor and employer interests, making its investment posture inherently consensus-driven rather than centralized under a single CIO. This trustee model embeds labor-relations dynamics directly into asset-allocation decisions.