UA Local 787 Pension Plan

UA Local 787 Pension Plan

The UA Local 787 Pension Plan was formed in 1983 to provide defined benefits to members of the United Association working in HVAC&R and related trades across Ontario. Andrew Tarr holds the combined roles of business manager, financial secretary-treasurer, and plan trustee. The plan allocates 7 percent of assets to private equity and maintains positions in public equity funds including Fidelity Global Financial Services, CI Select Canadian Equity, and Invesco Developing Markets. It also holds an interest in the Freeman FX Partnership and owns two commercial properties in the Greater Toronto Area: the Training Centre and Union Hall at 419 Deerhurst Drive in Brampton and the Benefit Administration Office at 45 McIntosh Drive in Markham. Geographic exposure centers on Canada with additional equity holdings in developed and emerging markets. The plan reports no additional offices and lists no professional headcount. It participates in industry associations including the Ontario Construction Secretariat and the Electrical Power Systems Construction Association. In March 2024 the plan sponsored the Canadian Mechanical & Plumbing Exposition in Toronto. Governance ties the pension plan directly to the union local through shared trusteeship and joint training funds administered with the Ontario Refrigeration and Air Conditioning Contractors Association.