Southern Connecticut I.B.E.W. Pension Plan

Southern Connecticut I.B.E.W. Pension Plan

The Southern Connecticut I.B.E.W. Pension Plan was established in 1950 as a multiemployer defined-benefit plan under the Taft-Hartley Act. It covers members of IBEW Local 90 in Wallingford and IBEW Local 488 in Monroe, Connecticut. The plan is jointly administered by union trustees and employer representatives from the National Electrical Contractors Association (NECA) Connecticut Chapter. The plan allocates capital primarily to buyout private equity, according to Altss research. Its disclosed alternative asset portfolio includes real estate holdings such as the IBEW Local 488 Building at 721 Main Street, Monroe. The fund also maintains allocations to infrastructure and fixed income, consistent with a typical defined-benefit pension. No direct investments or co-investments are publicly documented. The geographic footprint centers on Connecticut, with the plan's investments concentrated in North America. Total assets under management are not publicly disclosed. The plan is administered by the Southern Connecticut IBEW Annuity Fund, with Gerard Frame serving as its administrator. The plan is affiliated with the International Brotherhood of Electrical Workers (IBEW) and the National Electrical Contractors Association (NECA). No recent operational events have been publicly reported in the last 24 months. The Southern Connecticut I.B.E.W. Pension Plan is structured as a multiemployer plan, a governance model distinct from single-employer or public pension funds. Joint union-employer oversight through the Taft-Hartley framework limits investment discretion and requires fiduciary coordination across labor and management.