# VEBA for Retirees of Kaiser Aluminum

VEBA for Retirees of Kaiser Aluminum is an Endowment / Foundation based in Pittsburgh, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Pittsburgh, United States
- **Region:** North America
- **Address:** 60 Boulevard of the Allies 5th Floor, Pittsburgh, PA, United States
- **Founded:** 2004
- **Assets under management:** 836 (Altss estimate)
- **Website:** kaiserveba.org

## Regulatory record

- **Reports private funds:** No

## About

The VEBA for Retirees of Kaiser Aluminum was established in 2004 as a trust to deliver health benefits to current and future retirees of Kaiser Aluminum Corp. Thomas F. Duzak serves as chairman. The structure originated from an in-kind contribution of company stock that later supported benefit payments. Assets are allocated across public equities, fixed income, and alternatives that include private equity, real estate, and infrastructure. The trust holds a position in KALU shares. Geographic exposure centers on the United States with commitments executed through fund vehicles. Meketa Investment Group has served as investment consultant since 2018. PNC Bank acts as trustee and custodian since inception. CDS Administrators handles plan administration. The board includes appointees from Kaiser Aluminum Corp and the United Steelworkers. No operational events from the last 24 months appear in available records. The trust operates alongside a sister vehicle for salaried retirees. Governance splits board seats between the sponsor and union representatives, creating a direct link between investment performance and benefit delivery.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Thomas F. Duzak — Chairman of the Board of Trustees and Principal Officer

## Questions

### Who runs investment decisions at VEBA for Retirees of Kaiser Aluminum?

Thomas F. Duzak serves as chairman and principal officer. The board includes appointees from Kaiser Aluminum Corp and the United Steelworkers. Meketa Investment Group provides ongoing investment consulting.

### How is VEBA for Retirees of Kaiser Aluminum related to Kaiser Aluminum Corp?

Kaiser Aluminum Corp is the employer sponsor and appoints two board members. The trust was created to prefund retiree health obligations through an initial stock contribution.

### Does VEBA for Retirees of Kaiser Aluminum participate in fund commitments or only direct deals?

The trust executes commitments to private equity, real estate, and infrastructure funds. It also maintains a public equity position in Kaiser Aluminum Corp.

### What investment stages does VEBA for Retirees of Kaiser Aluminum typically target?

The portfolio spans public equities, fixed income, and alternatives without disclosed stage restrictions beyond diversified exposure across the United States.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/veba-for-retirees-of-kaiser-aluminum

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