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Plumbers' Pension Fund, Local #130 U.A.
The Plumbers' Pension Fund, Local #130 U.A. is a defined-benefit pension fund sponsored by the Chicago Journeymen Plumbers Local Union 130 UA.
Plumbers' Pension Fund, Local #130 U.A.
The Plumbers' Pension Fund, Local #130 U.A. is a defined-benefit pension fund sponsored by the Chicago Journeymen Plumbers Local Union 130 UA. James Coyne serves as Plan Administrator and Business Manager of Local 130, with John Hosty acting as Financial Secretary-Treasurer and Trustee. Wealth originates from union contributions and employer association funds administered jointly. The fund maintains a strategy focused on alternative investments, with a strong tilt toward buyout allocations. Its portfolio includes commercial real estate holdings such as the AFL-CIO Building Investment Trust (BIT) and properties at 1330-1332 and 1336 West Washington Boulevard in Chicago. The pension fund also deploys capital through alternative investment allocations, consistent with its buyout-heavy strategy. The fund is structured as a Taft-Hartley plan, governed jointly by the union and employer associations including the Plumbing Contractors Association (PCA) Midwest and the West Suburban Association (WSA) of Plumbing Contractors. James Coyne and John Hosty represent the union side in governance. No recent operational event in the last 24 months has been publicly disclosed. The fund's Taft-Hartley structure provides a distinct governance framework — equal board representation from labor and management — which shapes investment and risk management decisions. This joint trustee model is a structural differentiator from corporate or public pension funds.
General information
Firm type
Union Defined Benefit Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
Chicago, IL, United States
Principals
James Coyne
Plan Administrator and Business Manager of Local 130
John Hosty
Financial Secretary-Treasurer of Local 130 and Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the Plumbers' Pension Fund, Local #130 U.A.?
James Coyne, as Plan Administrator and Business Manager of Local 130, oversees fund operations alongside John Hosty, Financial Secretary-Treasurer and Trustee. The fund is jointly governed by union and employer association trustees under a Taft-Hartley structure.
What is the fund's investment strategy?
The fund allocates heavily to buyout strategies across its alternative investments portfolio. It also holds commercial real estate, including properties in Chicago and participation in the AFL-CIO Building Investment Trust. The strategy is focused on private equity and real assets.
Is this a single or multi-employer pension fund?
It is a multi-employer Taft-Hartley defined-benefit pension fund. Contributions come from the Chicago Journeymen Plumbers Local Union 130 UA and participating employer associations like the Plumbing Contractors Association (PCA) Midwest and the West Suburban Association (WSA) of Plumbing Contractors.
How does the fund's governance structure work?
The fund is jointly administered — union representatives and employer association trustees share equal board representation. This Taft-Hartley structure requires consensus on investment and benefit decisions, distinguishing it from single-employer or public pension funds.
What types of assets does the fund hold?
The portfolio includes commercial real estate (e.g., properties on West Washington Boulevard in Chicago and the AFL-CIO Building Investment Trust) and alternative investments allocated to buyout strategies. No direct public equity or fixed-income holdings are publicly disclosed.
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