UFCW International Union Pension Plan

UFCW International Union Pension Plan

The plan was established to serve the retirement needs of the UFCW International Union's own workforce — the people who run the union's operations — rather than the 1.3 million members the union represents. This distinction shapes its investment posture: a narrower beneficiary base, a long-duration liability stream, and a governance structure tied closely to the international union's leadership. Real estate dominates the disclosed portfolio. The plan holds Dublin Corporate Center, an office property in Dublin, California, and a Prologis industrial portfolio spanning multiple US markets. It also participates in the AFL-CIO Building Investment Trust, a multi-employer real estate vehicle that channels union pension capital into commercial construction and property acquisitions. The plan's investment committee operates without a publicly named chief investment officer. Governance sits with trustees appointed through UFCW International Union structures, and the plan has been a UN Principles for Responsible Investment signatory since at least 2018. The structural differentiator is its dual identity: it is both a pension fund and a union-aligned investor. That creates a sourcing advantage in AFL-CIO-affiliated real estate deals and a potential constraint in sectors or managers that labor institutions avoid.