# UA Local 81

UA Local 81 is a Pension Fund based in Syracuse, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Syracuse, United States
- **Region:** North America
- **Address:** 107 Twin Oaks Drive, Syracuse, NY 13206, United States
- **Founded:** 1976
- **Assets under management:** Undisclosed
- **Website:** ualocal81.org
- **LinkedIn:** https://www.linkedin.com/company/ua-local-81

## Regulatory record

- **Reports private funds:** No

## About

UA Local 81 operates the defined-benefit pension plan for former members of United Association Local 267, a plumbers and steamfitters union absorbed under the Local 81 banner in Syracuse, New York. Founded in 1976, the plan is a multiemployer Taft-Hartley fund governed by a board of trustees that includes union leadership and representatives from contributing employers such as the Mechanical Trades & Master Plumbers Association of Central New York. Gregory Lancette, the union's Business Manager, serves as a trustee, linking plan governance directly to union operations. The fund's investment strategy extends well beyond traditional fixed-income and public-equity allocations. Public records indicate an active alternative investment portfolio based in Syracuse that touches buyout, venture capital from seed to late stage, distressed debt, mezzanine, secondaries, and co-investment vehicles. The plan participates both as a limited partner in commingled funds and through direct co-investment structures — a posture that places it among a subset of Taft-Hartley plans that have moved beyond fund-of-funds models to assemble direct exposure to private markets. Team size and total deployment figures are not publicly disclosed. The plan operates from the union hall at 107 Twin Oaks Drive in Syracuse, with no known additional offices. In addition to its investment activities, UA Local 81 maintains a philanthropic giving program. The plan's affiliation with the United Association National Pension Fund provides reciprocal benefit portability for members moving across jurisdictions, a structural feature common among building-trades locals. The plan's structural differentiator is its dual identity as both a retirement vehicle and a union-aligned institutional investor. Unlike corporate or public pension funds, Taft-Hartley plans are jointly trusteed by labor and management — a governance model that embeds bargaining relationships directly into fiduciary decision-making. This architecture can constrain liquidity appetite and influence manager selection in ways distinct from single-sponsor plans, favoring strategies and relationships aligned with the building trades' economic cycle.

## Sectors

- Buyout
- Distressed Debt
- Early Stage
- Expansion / Late Stage
- Fund of Funds
- Mezzanine
- Secondaries
- Special Situations
- Venture (General)
- Venture Debt
- Co-Investment

## People

- Gregory Lancette — Business Manager and Trustee

## Questions

### How is UA Local 81 connected to the United Association National Pension Fund?

The United Association National Pension Fund is a separate affiliated multiemployer fund that provides reciprocal pension benefits to UA members nationwide. UA Local 81's local plan coordinates with the national fund so that members who work across jurisdictional lines can aggregate service credits, a standard arrangement in the building trades.

### Where does the plan's funding come from?

Funding comes from employer contributions negotiated through collective bargaining agreements between UA Local 81 and signatory contractors, including members of the Mechanical Trades & Master Plumbers Association of Central New York. Contribution rates are set in multi-year labor contracts and are not drawn from union member dues.

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Last updated: 2026-08-11T02:43:31.692Z

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