UA Plumbers & Steamfitters Local 60 Pension Plan

UA Plumbers & Steamfitters Local 60 Pension Plan

The UA Plumbers & Steamfitters Local 60 Pension Plan was established in 1959 as a multiemployer defined-benefit plan covering members of Plumbers and Steamfitters Local Union No. 60. It operates from the union's hall on the I-10 Service Road in Metairie, just west of New Orleans. The plan is governed by a board of trustees split evenly between union and management representatives, with Ronald R. Rosser serving as both Business Manager and a union trustee. The plan's investment strategy concentrates on secondary-market interests, a less-common posture for a trade-union pension fund of this scale. While the trust also maintains direct ownership of the union's fund office building and the New Orleans Pipe Trades Training Center, its liquid investment exposure runs principally through a secondaries allocation. The sponsoring union's website discloses the fund provides a defined-benefit pension alongside a defined-contribution 401(k) plan and a vacation fund, but publishes no detail on specific fund commitments or direct co-investments. The plan reports no additional offices beyond its Metairie headquarters, and the trustee slate — including Administrative Manager Michael A. Eilers, union trustees Curtis L. Mezzic and management trustees Chester A. Cabirac, Patrick L. Gootee, and Henry G. Heier — administers plan affairs. Affiliations include the United Association international union and the International Foundation of Employee Benefit Plans, a professional network for multiemployer trustees. A related Plumbers and Steamfitters Local 60 Educational Fund operates as a separate philanthropic vehicle. The structural distinction of this plan is its reliance on secondaries as a principal strategy, a choice more typical of larger or endowment-style allocators. That approach, layered over the guaranteed-benefit architecture inherent to a traditional trade-union pension, creates a distinct risk-and-return profile that institutional peers and fund managers evaluating the plan as an LP will find notably narrow in its public articulation.