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Pointers, Cleaners & Caulkers Pension Fund
The Pointers, Cleaners & Caulkers Pension Fund operates as a single-trade multiemployer plan under the umbrella of Bricklayers and Allied Craftworkers (BAC)...
Pointers, Cleaners & Caulkers Pension Fund
The Pointers, Cleaners & Caulkers Pension Fund operates as a single-trade multiemployer plan under the umbrella of Bricklayers and Allied Craftworkers (BAC) Local 1, serving New York City members who specialize in the final finishing, sealing, and waterproofing stages of masonry construction. It is affiliated with the broader International Pension Fund (IPF), which was established in 1972 by the International Union of Bricklayers and Allied Craftworkers and various contractor associations. BAC President Timothy Driscoll co-chairs the IPF, linking the local plan's governance directly to the union's top leadership. The fund allocates predominantly to union-built real estate vehicles, a common posture for building-trades pension plans that simultaneously seek risk-adjusted returns and employment for their members. Confirmed holdings include stakes in the AFL-CIO Building Investment Trust, which develops commercial property, and the Multi-Employer Property Trust, a large-scale diversified real estate fund. Additional allocations include the AFL-CIO Housing Investment Trust for residential assets, Intercontinental Real Estate Corporation for commercial exposure, and a dedicated Trowel Trades Large Cap Equity Index Fund for public-market liquidity. The geographic footprint concentrates on United States projects, often in metropolitan New York and other urban markets with high union density. Amber Brailer serves as the designated Fund Administrator, handling day-to-day operations and fiduciary reporting for the plan. While total assets are undisclosed, funds of this type typically pool contributions from several thousand active members and retirees, with assets scaled to cover life-contingent annuity payments. The fund sponsors no publicly known venture, private credit, or international direct-investment arms, staying tightly aligned with the defined-benefit pension model common among Taft-Hartley plans. It participates in no known philanthropic foundations or club investment networks, functioning instead as a pure retirement vehicle. Its defining structural trait is the tight alignment between asset allocation and union jurisdiction: the fund invests in real estate projects that are often built with BAC-represented labor. This closed-loop model — worker contributions funding projects that employ those same workers — creates a mutualized economic engine uncommon outside the building trades. Succession governance flows through the BAC's international leadership structure, with oversight shared between union trustees and contractor associations per standard Taft-Hartley bipartite board design.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Amber Brailer
Fund Administrator
Timothy Driscoll
President, International Union of Bricklayers and Allied Craftworkers and Co-Chair, International Pension Fund
Sector focus
Frequently asked questions
How is the Pointers, Cleaners & Caulkers Pension Fund related to the International Union of Bricklayers and Allied Craftworkers?
It is a local multiemployer plan specifically covering members of BAC Local 1 who work in the pointers, cleaners, and caulkers trades. These are the craftworkers specializing in masonry restoration, waterproofing, and sealing — a distinct subset of the broader bricklaying union. The fund is affiliated with the Bricklayers & Trowel Trades International Pension Fund (IPF), which provides umbrella investment support and structure.
What type of real estate investments does the PCC Pension Fund hold?
The fund invests predominantly through union-focused pooled real estate vehicles. Its known commitments include the AFL-CIO Building Investment Trust, which targets commercial construction using union labor, and the AFL-CIO Housing Investment Trust, which invests in multi-family residential development (per public record). It also participates in the Multi-Employer Property Trust, a core diversified fund backed by hundreds of Taft-Hartley pension plans.
Who administers the Pointers, Cleaners & Caulkers Pension Fund?
Amber Brailer is the Fund Administrator for the PCC Pension Fund. At the union governance level, Timothy Driscoll — President of the International Union of Bricklayers and Allied Craftworkers — serves as Co-Chair of the associated Bricklayers & Trowel Trades International Pension Fund, which guides the investment strategy that the PCC fund participates in.
Does the PCC Pension Fund invest directly in operating companies or only through pooled vehicles?
The fund's known allocation strategy relies on pooled institutional vehicles, consistent with the Taft-Hartley multiemployer model. Its equity exposure is accessed through the Trowel Trades Large Cap Equity Index Fund, and real estate is accessed via AFL-CIO and Multi-Employer Property Trust vehicles. There is no public record of direct co-investments or SPV-level activity for this plan.
What distinguishes a pointers, cleaners, and caulkers plan from other BAC pension funds?
The PCC Pension Fund covers a narrow, specialized segment of BAC Local 1. Pointers restore and finish masonry joints, cleaners remove stains and contaminants from building exteriors, and caulkers apply sealants to control water and air infiltration. Their benefits are funded by a plan whose liability profile fits a smaller, skilled, New York City-concentrated workforce — a different actuarial footprint than a general bricklayers' fund.
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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