Roofers Union Local No. 33 Pension Fund

Roofers Union Local No. 33 Pension Fund

Established through collective bargaining between Roofers & Waterproofers Union Local No. 33 and participating employers, the plan operates alongside two affiliated benefit funds — the Insurance Fund and the Thrift Fund — from a shared office on Evans Drive in Stoughton. Anna D. Brousaides serves as Administrator, managing day-to-day operations for all three vehicles. The plan's mandate is straightforward: accumulate assets during members' working years and distribute monthly pension checks after retirement from contributing contractors. The fund's investment program includes an alternative investment portfolio alongside traditional fixed-income and public-equity exposure, consistent with Taft-Hartley plans that have increasingly turned to alternatives for yield. Co-trustees from the union — Brian Bickford as President, Paul Bickford as Business Manager — sit alongside employer trustees under the jointly-trusteed model. The Boston Roofing Contractors Association represents the employer side of that bargaining relationship. Geographic concentration favors New England, mirroring the union's membership base and the contractors who remit contributions. Assets flow in through employer contributions negotiated in collective bargaining agreements with signatory roofing contractors across Massachusetts. The Thrift Fund, a sister vehicle at the same address, pools vacation and annuity deductions separately. Together the three benefit plans form a compact welfare-capital structure — no external clients, no fundraising cycle, no marketing deck. Administrator Brousaides coordinates with trustees on allocation decisions, though individual manager names and precise deployment figures are not disclosed publicly. The fund's structural differentiator is its governance model: equal labor-management trusteership means every allocation decision must satisfy both union and contractor-appointed fiduciaries. This creates an inherently conservative, relationship-driven investment posture — the partners answering to the trustees are more likely to be Boston-based consultants and managers than to be global platforms running open calls for capital. There is no individual founder controlling the family checkbook, but rather a bargaining-table legacy that has governed the fund since its inception under the United Union of Roofers, Waterproofers and Allied Workers umbrella.