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 benefits for employees of the Parker Jewish Institute, a 527-bed skilled nursing and rehabilitation facility in New Hyde Park, New York. The plan operates as a private-sector defined-benefit scheme tied to the financial health of the sponsoring healthcare institution, which in turn operates the affiliated Queens-Long Island Renal Institute and partners with entities such as the Nerken Center for Research & Grants and Prine Vascular Access Center. The plan's investment strategy is exclusively a fund-of-funds model, allocating across external commingled vehicles rather than pursuing direct investments or co-investments. While specific fund managers and portfolio holdings are not publicly disclosed, the plan's estimated $27 million asset base (Altss estimate) places it among smaller institutional allocators in the New York metro area pension landscape. Geographic exposure is predominantly US-focused, given the domestic-only employee base and sponsor footprint concentrated in the greater New York City region. The plan's governance is intertwined with the sponsoring institute's leadership. Michael Rosenblut serves as President and CEO of the Parker Jewish Institute; Taryn Tanzer chairs the Board of Trustees; and Gary Granoff, a real estate executive, serves as Treasurer for both the Institute and its affiliated Foundation. Granoff also operates the separate Granoff Family Foundation. The pension plan maintains membership in industry associations including LeadingAge New York and the United Hospital Fund, reflecting its aging-services and healthcare institutional context. The plan's structural differentiator is its embedded nature within a single-operating-entity healthcare organization—its fortunes are directly linked to the sponsoring employer's financial condition and workforce stability, unlike multi-employer or public pension systems. There is no evidence of adjacent co-investment clubs, separate managed accounts, or philanthropic collaborations funded by plan assets. The plan's governance is effectively coextensive with the Institute's own board and executive leadership, with no publicly identified independent investment committee or dedicated CIO.