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Pension Plan of the Private Sanitation Union Local 813 IBT
The Pension Plan of the Private Sanitation Union Local 813 IBT was established in 1965 as a multiemployer defined-benefit arrangement, covering eligible...
Pension Plan of the Private Sanitation Union Local 813 IBT
The Pension Plan of the Private Sanitation Union Local 813 IBT was established in 1965 as a multiemployer defined-benefit arrangement, covering eligible members of Teamsters Local 813 who work in New York City's private sanitation industry. The plan provides retirement, disability, and death benefits and derives the vast majority of its contributions from two significant employers: Waste Management Inc. and Stericycle, Inc. Trustees Sean Campbell, who also serves as President and Principal Officer of Local 813, and Daniel Wright govern the fund jointly. The plan's portfolio, while modest in absolute size at an estimated $63 million, operates with the typical multiemployer mix of fixed-income, public equity, and alternative allocations. Real estate holdings, private credit instruments, and infrastructure assets form the return-seeking sleeve. The fund maintains exposure through both direct property positions in the New York metro area and commingled vehicles. Confirmed counterparties include real estate managers active in middle-market industrial and multifamily assets, though specific manager names remain private (per public record, 2025). In May 2024, the plan executed its standard annual actuarial valuation, confirming a funding ratio consistent with prior years and no near-term adjustment to contribution schedules (public record). The professional footprint is lean: the plan operates through the affiliated Local 1034 Pension Fund office in Long Island City, New York. It does not maintain a separate investment staff, instead relying on the trustees, an external consultant, and institutional fund managers to execute asset allocation decisions. The plan is part of the larger International Brotherhood of Teamsters pension ecosystem. What distinguishes this plan is its structural dependence on two dominant contributing employers in a concentrated industry. Waste Management and Stericycle together account for the bulk of contributions, making the plan's funding health unusually sensitive to the operating performance and union-relations posture of those two entities. This concentration is a standard feature of Taft-Hartley plans tied to specific employer bargaining units, but it creates a governance dynamic where investment risk and contribution risk are not fully separable. Succession among the trustee ranks is tied to union elections at Local 813.
General information
Firm type
Pension Fund
Year founded
1965
Location
Region
North America
Country
United States
City
Long Island City
Corporate office
Long Island City, NY, United States
Principals
Sean Campbell
Trustee
Daniel L. Wright
Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the Pension Plan of the Private Sanitation Union Local 813 IBT?
Investment governance rests with the board of trustees, currently including Sean Campbell (President and Principal Officer of Teamsters Local 813) and Daniel L. Wright (Labor Trustee). The plan does not employ a dedicated internal investment staff. The trustees set asset allocation policy and select external managers and consultants, a governance model standard among smaller Taft-Hartley multiemployer plans.
How is this plan funded, and who are the major contributing employers?
The plan is funded through collectively bargained employer contributions. Two employers dominate the contribution base: Waste Management Inc. and Stericycle, Inc., both major private sanitation and waste-disposal operators with significant union-represented workforces in the New York City metropolitan area. This concentration means contribution-stream stability is intrinsically linked to the commercial health of those two firms.
What investment stages and asset classes does the plan typically target?
The plan operates as a traditional multiemployer pension investor, allocating across fixed-income, public equity, real estate, private credit, and infrastructure. Its alternatives exposure tends toward commingled funds and direct real estate assets rather than venture capital or direct private equity. Geographic focus is domestic, with a concentration in the New York metro area where its real estate positions and employer relationships are centered.
Is the Pension Plan of the Private Sanitation Union Local 813 IBT a single-employer or multiemployer plan?
It is a multiemployer, or Taft-Hartley, defined-benefit plan. Multiple contributing employers in the private sanitation industry fund the plan under collective bargaining agreements. This structure means withdrawal liability rules, employer contribution schedules, and Pension Benefit Guaranty Corporation backstop provisions all apply in ways distinct from a single-company pension plan.
How is this plan related to Local 1034 Pension Fund?
The Local 1034 Pension Fund is an affiliated pension plan that also covers eligible Teamsters Local 813 members. The two funds share administrative infrastructure, overlapping trustee representation, and the same Long Island City office. They are legally distinct entities with separate participant pools and asset bases, but operate with closely coordinated governance.
Does the plan maintain any philanthropic or grant-making structures?
The plan itself does not operate a separate philanthropic foundation. Its sole statutory purpose is providing retirement, disability, and death benefits to participants and beneficiaries. Any broader community or member-support programs would typically run through the affiliated union, Teamsters Local 813, rather than the pension trust.
What is the plan's known posture on co-investments and direct deals?
The plan does not publicly pursue direct co-investments or special-purpose vehicles. Its size and governance structure favor pooled, commingled fund vehicles and consultant-advised mandates for real estate and alternative credit exposure. Direct real estate holdings exist but are managed through external property managers, not an in-house acquisition team.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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