Plumbers & Pipefitters UA Local 13

Plumbers & Pipefitters UA Local 13

Plumbers & Pipefitters UA Local 13 operates its pension fund out of Rochester, New York, alongside affiliated annuity, insurance, and training funds housed at the union's Mt. Read Boulevard complex. John Carpenter serves as Business Manager and Financial Secretary, Dan O'Neil as President and Business Agent, and Nate Burdick as the administrator for the benefit funds. The fund is a defined-benefit Taft-Hartley plan, jointly trusteed by union and contributing employer representatives, and draws contributions from signatory contractors across the Rochester building trades. The pension fund pursues a broadly diversified institutional strategy spanning public equities, fixed income, private real estate, private credit, and absolute-return strategies. As a multi-employer plan, it tends to access alternatives primarily through fund commitments and separate accounts rather than direct deals, balancing liquidity needs against yield-enhancement objectives. Infrastructure commitments — often made alongside other building-trades pension funds — add inflation-hedging characteristics to the portfolio. The fund's geographic focus centers on US investments, with potential exposure to developed international markets through its equity and fixed-income managers. Altss estimates the total pension assets at roughly $357 million as of 2026 research. The fund operates within a broader ecosystem that includes the UA Local 13 Annuity Fund, an employer-group insurance fund, and a joint labor-management training center that produces skilled welders, pipefitters, and HVAC technicians. At the national level, the local is part of the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry (UA), which provides research, negotiation support, and co-investment infrastructure for local pension plans. The Rochester local also participates in the New York State Pipe Trades association, creating potential for shared investment diligence with peer locals statewide. No recent operational event could be verified independently as of mid-2026. What distinguishes this fund structurally is its embeddedness in a multi-union, contractor-funded benefits ecosystem that ties pension performance directly to local construction activity and union membership trends. The joint-trustee model brings labor and management fiduciaries to the same investment committee table — a governance structure that departs sharply from both single-family offices and corporate pension plans, and one that has historically produced conservative, cycle-tested portfolio construction across the Taft-Hartley universe.