Teamsters Joint Council No. 83 Of Virginia Pension Fund

Teamsters Joint Council No. 83 Of Virginia Pension Fund

The Teamsters Joint Council No. 83 Of Virginia Pension Fund was established in 1957 to deliver retirement, disability, and death benefits. It functions as an affiliate of the International Brotherhood of Teamsters and receives contributions from employers such as United Parcel Service and ABF Freight Systems. The fund pursues a fund-of-funds and co-investment strategy with exposure to private equity at 16 percent of assets. It maintains holdings through J.P. Morgan Investment Management, Brandywine Global Investment Management, ArrowMark Partners, Siguler Guff & Company, and GCM Grosvenor. Geographic reach centers on North America with additional real-estate exposure via Byrnes Park Realty Partners II LP. Common and collective trusts represent approximately 56 percent of the portfolio. The organization employs 18 professionals at its Richmond headquarters. It maintains relationships with the Transport Employers Association for trustee appointments and with multiple Teamsters local unions. No operational events from the last 24 months appear in available records. Governance rests with a board of union and management trustees appointed respectively by the Joint Council and the Transport Employers Association, creating a formal separation between sponsor and plan administration.