Parker Jewish Institute For Health Care & Rehab Defined Benefit Pension Plan

Parker Jewish Institute For Health Care & Rehab Defined Benefit Pension Plan

The Parker Jewish Institute For Health Care & Rehab Defined Benefit Pension Plan was established in 1974 to provide retirement security for employees of the Parker Jewish Institute, a non-profit skilled nursing and rehabilitation facility in New Hyde Park, New York. The plan's sponsorship is tied directly to the Institute, which is led by President and CEO Michael N. Rosenblut. Gary Granoff serves as Treasurer for both the Institute and its affiliated Foundation, while also running The Granoff Family Foundation. The plan deploys its estimated $27M portfolio exclusively through a fund-of-funds structure, committing capital to external managers rather than making direct investments. Its investment strategy spans multiple asset classes accessed via third-party funds, though specific allocations or named managers are not publicly documented. The geographic footprint remains domestic, concentrated in US-focused pooled vehicles. The plan does not appear to participate in co-investments, club deals, or separate accounts alongside external general partners. Oversight falls to the Institute's board leadership, though detailed governance structures for the pension plan itself are not publicly available. The plan is connected to a broader healthcare campus that includes the Queens-Long Island Renal Institute, The Nerken Center for Research & Grants, and Prine Vascular Access Center — all affiliated operating entities located within or adjacent to the Institute's facilities. The Institute maintains memberships with LeadingAge New York and the United Hospital Fund, professional networks relevant to its healthcare mission. Structurally, the plan differs from multi-employer or public pension funds by its narrow, single-sponsor remit. It is a private-sector defined benefit plan covering a concentrated employee base at a single post-acute care facility. The Institute also operates the Parker Jewish Institute for Health Care and Rehabilitation Foundation, a philanthropic vehicle, though the plan's assets and governance appear segregated from that entity.