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VNS Health
The Visiting Nurse Service of New York Care Pension Plan is the retirement vehicle for VNS Health, a non-profit home-care provider founded in 1893 that now...
VNS Health
The Visiting Nurse Service of New York Care Pension Plan is the retirement vehicle for VNS Health, a non-profit home-care provider founded in 1893 that now serves over 40,000 patients daily across New York City and surrounding counties. The defined-benefit plan provides eligible retirees with a predetermined monthly benefit based on service years and salary history, covering employees of VNS Health and its affiliates. Governance sits with an investment committee chaired by Chetlur S. Ragavan, supported by VNS Health President and CEO Dan Savitt and board members including Mary R. Henderson and Carmen Beauchamp Ciparick. The plan allocates assets across a traditional pension foundation of public equities, fixed income, real estate, and private-market strategies — typical for a defined-benefit pool seeking to match long-duration liabilities with a diversified return stream. Precisely which external managers or direct holdings populate the portfolio is not publicly disclosed, as is common for single-employer non-profit plans that report through DOL Form 5500 filings rather than investor-relations channels. The fund does not market to outside LPs or co-investors; its sole purpose is securing earned benefits for VNS Health's workforce. The plan's external visibility comes primarily through its parent, VNS Health, a $3 billion-revenue organization operating health plans, hospice and palliative care, and the largest certified home health agency in New York. VNS Health has periodically appeared in bond-market disclosures and local philanthropic reporting — including the Wykagyl Country Club Golf Classic, an annual fundraiser — but the pension plan itself maintains the low profile typical of non-ERISA-exempt corporate plans. No dedicated annual report or investment-committee transparency page exists on the VNS Health website. The plan's structural distinction is its soft mandate: a defined-benefit pool inside a sprawling social-service non-profit that must maintain actuarial soundness without the demanding public-disclosure apparatus of a state or municipal plan. Unlike New York City's major public funds, which face FOIL requests and comptroller scrutiny, the VNS Health Care Pension Plan answers to a board-level investment committee and its actuarial and custodial relationships — a governance layer that prioritizes liability matching over media profile.
General information
Firm type
Pension Fund
Year founded
1893
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Chetlur S. Ragavan
Chair of the Investment Committee
Dan Savitt
President and CEO of VNS Health
Mary R. Henderson
Member of the Investment Committee and Chair of the HR/Compensation Committee
Andrew Schiff
Board Chair of VNS Health
Carmen Beauchamp Ciparick
Director of VNS Health
Frequently asked questions
Who runs investment decisions at the VNS Health Care Pension Plan?
An investment committee chaired by Chetlur S. Ragavan oversees allocation and manager selection. President and CEO Dan Savitt and board members Mary R. Henderson and Carmen Beauchamp Ciparick provide governance support. The plan does not publicly name an internal chief investment officer or disclose its roster of external consultants, which is consistent with single-employer non-profit plans that often outsource day-to-day management to an OCIO.
How are pension assets separated from VNS Health's operating budget?
As a defined-benefit plan governed by ERISA, the pension trust is legally distinct from VNS Health's $3 billion operating entity. Plan assets are held in trust exclusively for participants and beneficiaries and cannot be used for operating expenses. The plan's actuarial health and funding status are reported annually to the Department of Labor via Form 5500, though those filings are not proactively promoted on VNS Health's public website.
Does the plan invest directly in private markets or only through fund managers?
The plan's specific asset allocation has not been publicly disclosed. Like most mid-sized non-profit pension plans, it likely accesses real estate, private equity, and other alternatives through commingled fund vehicles rather than direct co-investments, given the governance burden direct deals impose on a board-level investment committee. No named fund relationships or LP commitments are on the public record.
What is the plan's posture toward ESG or impact investing?
No public investment-policy statement addresses ESG considerations directly. Given VNS Health's mission of community-based care for vulnerable populations, the parent organization's activities inherently align with social-welfare goals, but whether that mission translates to the pension plan's proxy voting or manager-selection criteria is not on the public record.
How does the VNS Health Care Pension Plan compare to New York City's major public pension funds?
The plan is much smaller in scale and faces a dramatically different disclosure regime. New York City's five public pension funds collectively report nearly $275 billion in assets and are subject to FOIL requests, comptroller audits, and City Council oversight. By contrast, the VNS Health plan files standard ERISA reports to the DOL but maintains no investor-facing website, conference presence, or public-relations function around its investment portfolio.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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