Office & Professional Employees International Union Locals 30 & 537 Trust Funds

Office & Professional Employees International Union Locals 30 & 537 Trust Funds

The Retirement Fund, established in 1962, is the pension arm of a non-profit trust that also administers a health and welfare plan dating to 1954. The board is jointly managed by employer and union trustees, including Ron Miller and Rodney Cobos on the management side, and Jacqueline White-Brown and Marianne Giordano representing the union. The plan serves a membership base of office and professional employees in cities from Pasadena and Claremont to San Diego and Phoenix. The fund pursues commitments across a broad range of asset classes and structures. Its investment strategy spans direct real estate, distressed debt, mezzanine financing, special situations, and venture capital, including early-stage and fund-of-funds approaches. Known real assets include a position in JP Morgan Strategic Property Fund, while exposure to public and private markets is accessible through common and collective trusts and 103-12 Investment Entities, according to Altss research. The plan’s geographic footprint is anchored in the Western United States, with Arizona and Southern California as core participant regions. With an estimated $135 million in assets, the trust fund operates from a single office on Wilshire Boulevard in Los Angeles, administered by Benefit Programs Administration. The fund is closely tied to the broader labor ecosystem through its parent union affiliations with OPEIU and the AFL-CIO. The board of trustees comprises equal representation from both employer and employee sides, embedding a governance structure that mandates balanced oversight for all investment decisions. Structurally, the fund is distinguished by its multiemployer, jointly-trusteed governance model, where labor and management share fiduciary duty. This architecture creates a dual accountability mechanism uncommon in single-sponsor corporate pensions, requiring consensus between employer and union trustees on every allocation.