USW District 10 Local 286 Pension Fund

USW District 10 Local 286 Pension Fund

The USW District 10 Local 286 Pension Fund is a defined-benefit plan established through collective bargaining between United Steelworkers District 10 Local 286 and contributing employers in the Philadelphia region. Carlo Simone, Jr. serves as Employee Trustee and Office Manager, alongside Vice President Mario Tatom and Recording Secretary Michael Connell as trustees. Edina DeCarlo holds the Financial Secretary-Treasurer role at the local level. The fund pools contributions from a concentrated network of manufacturing employers concentrated in the packaging, paper, and printing sectors. Known contributing companies include PCI Pharma Services, Roosevelt Paper, Newman Paper Board, McLean Packaging, Klearfold Box, and Weber Display and Packaging. The plan operates as a traditional multi-employer defined-benefit arrangement — employers contribute at collectively bargained rates, and the fund pays lifetime annuities to retired members. Investment strategy is governed by a joint board of union and management trustees, typical of Taft-Hartley plans. Net assets are not publicly disclosed. The plan's investment posture and asset allocation are not reported in public meeting minutes or financial filings available outside the fund's direct participant communications. As a multi-employer plan, it likely faces the funding challenges common to the sector — declining employer bases in legacy manufacturing and PBGC premium pressures. The fund does not maintain a separate investment office, LinkedIn presence, or public-facing investment committee materials. Structurally, the fund sits within the larger ecosystem of USW-affiliated multi-employer plans, bound by ERISA fiduciary obligations and governed by a board split evenly between labor and management trustees — an architecture designed to balance competing interests while delivering steady retirement income to unionized industrial workers.