U.A. Local Union Officers and Employees Pension Fund

U.A. Local Union Officers and Employees Pension Fund

The U.A. Local Union Officers and Employees Pension Fund operates as a trust fund for the individuals who manage the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry. The UA represents roughly 366,000 members across North America, and this specific plan covers the union's own professional staff — not the rank-and-file membership. The plan is sponsored by UA General Secretary-Treasurer Patrick H. Kellett and General President Mark McManus, who serves as Plan Administrator. Because the fund does not publicly disclose its asset allocation, its known investment posture comes primarily from real estate filings. The fund holds an interest in Consortium Atlantic Realty Trust (CART), a commercial property vehicle in Washington, D.C. The fund participates in broader institutional investor coalitions alongside organizations like the National Association of State Retirement Administrators and the National Council on Teacher Retirement, joining joint comment letters and advocacy efforts on pension policy. This coordination extends the fund's influence beyond its own asset base — which remains undisclosed — into the regulatory and governance frameworks that shape returns for all multi-employer and public-sector plans. The fund's structural differentiator is its narrow constituency: it serves the career employees who administer the UA's sprawling local and regional operations, not the pipefitters and plumbers themselves. This creates a distinct liability profile with fewer participants and higher average tenure than the larger UA National Pension Fund, and embeds the plan's governance within the union's own executive leadership — Plan Administrator McManus and Plan Sponsor Kellett are simultaneously the UA's two top elected officers.