# OPCMIA Local No. 8 Pension Fund

OPCMIA Local No. 8 Pension Fund is a Pension Fund based in Philadelphia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Philadelphia, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Assets under management:** <$100 million (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Operative Plasterers and Cement Masons Union Local No. 8 Defined Benefit Pension Fund is a Philadelphia-based multiemployer retirement plan serving members of the plastering and cement masonry trades. Its trustees, drawn from both union and contributing-employer ranks, administer benefits that predate the 2015 merger of Local 8 into Cement and Plasterers Union Local No. 592 — the pension fund maintains independent reporting and investment oversight even as the local unions consolidated their bargaining operations. The fund's asset allocation reflects standard Taft-Hartley plan construction: a core of real estate and infrastructure holdings, supplemented by allocations to private credit, public equities, and fixed income. It accesses alternatives primarily through fund commitments rather than direct deals, a posture consistent with small- and mid-sized union plans that rely on investment consultants to source and diligence managers. Geographic focus skews domestic, with Philadelphia-area real assets featuring prominently in historical deployment. The pension fund operates with a trustee-governed board structure that confers fiduciary responsibility on a small group of union officers. Michael J. Dunphy, Patrick Kilkenny, and Thomas J. Kilkenny, Jr. serve as union-side trustees, representing Local 592 — the successor local — in plan governance. Their oversight functions alongside unnamed employer trustees, typical for multiemployer plans where governance is split evenly between labor and management appointees. The fund's structural differentiator is its persistence as a separate legal entity after the union merger. Where many consolidated locals fold their pension plans into successor vehicles, the Local 8 plan continues to file independently with the Department of Labor, preserving a distinct investment program and liability pool. That separation makes it a standalone allocator for managers targeting small-plan pension mandates in the Mid-Atlantic.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## People

- Michael J. Dunphy — Union Trustee
- Patrick Kilkenny — Union Trustee
- Thomas J. Kilkenny, Jr. — Union Trustee

## Questions

### How does the fund source its alternative investment commitments?

The fund relies on an investment consultant to source and diligence fund managers, reflecting the governance structure of most small-to-midsize Taft-Hartley plans. It does not maintain internal investment staff beyond the trustee board. Commitments are made to commingled funds rather than direct deals or co-investments, a posture that limits administrative burden but also reduces negotiated-fee leverage.

### Is the Local 8 plan still independent after the 2015 union merger?

Yes. While the bargaining unit of Local 8 merged into Cement and Plasterers Union Local No. 592 in 2015, the pension fund continues to file separate financial reports with the Department of Labor and maintains its own investment program. This is not automatic — many merged locals consolidate their benefit plans — making the Local 8 fund a persistent standalone allocator for managers targeting Mid-Atlantic union pension mandates.

### How is the fund related to the OPCMIA international union?

The pension fund is affiliated with the Operative Plasterers' and Cement Masons' International Association (OPCMIA) through its local-union roots. Local No. 8 was chartered under the OPCMIA's jurisdiction, and the plan falls under the broader international union's framework for collectively bargained benefit funds. However, the international does not direct investments — that authority rests with the Local 8 board of trustees.

## Related profiles

- [Operating Engineers Pension Trust Fund of Washington D.C. & Vicinity](https://altss.com/profile/operating-engineers-pension-trust-fund-of-washington-d-c-vicinity)
- [Operative Plasterers & Cement Masons Officers & Employees Pension Fund](https://altss.com/profile/operative-plasterers-cement-masons-officers-employees-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/operative-plasterers-and-cement-masons-union-local-no-8-defined-benefit-pension-fund

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