UFCW Local 75

UFCW Local 75

UFCW Local 75 administers retirement benefits through the UFCW Health and Welfare and Pension Funds, with President Kevin Garvey and Secretary-Treasurer Bryon O'Neal serving as trustees. The plan covers members from the United Food and Commercial Workers union predominantly across Ohio's retail, food processing, and healthcare sectors from its Dayton headquarters with additional offices in Cincinnati, Napoleon, and Toledo. The pension fund allocates across a conventional mix of public equities, fixed income, and real assets including direct commercial property holdings in Ohio. Known commitments extend into private credit and infrastructure vehicles, consistent with the liability-driven strategies common among Taft-Hartley multi-employer plans. The fund participates in the Heartland Pension Fund network, which aggregates assets from multiple local UFCW plans to achieve scale and reduce costs. Real estate holdings include plus offices in Forest Park, Napoleon, Holland and Ohio. The fund's trustees also steward assets through the UFCW International Union's shared-benefit infrastructure, aligning roughly 27,000 local members with broader national resources. Garvey and O'Neal maintain fiduciary oversight while engaging with CORPaTH, an international pension alliance that facilitates trustee education and co-investment sourcing for labor-affiliated funds. In 2024, the fund continued its pattern of maintaining a diversified portfolio centered on capital preservation and consistent actuarial returns without large-open mandates requiring external consultant-led searches. Multi-employer Taft-Hartley plans face distinct governance constraints: labor and management trustees share fiduciary authority equally, requiring bilateral agreement on every allocation decision. This structure slows decision velocity compared to single-sponsor corporate plans but provides built-in oversight that can reduce tail risk. For UFCW Local 75, the trustee-led model — with career union officers serving alongside employer representatives — channels capital toward investments with predictable cash flows aligned to the plan's benefit payment schedule.