Western Pennsylvania Teamsters and Employers Pension Fund

Western Pennsylvania Teamsters and Employers Pension Fund

The Western Pennsylvania Teamsters and Employers Pension Fund was established in 1956 to deliver retirement, disability, and death benefits to eligible union members. Teamsters Joint Council No. 40 appoints five of the ten trustees; contributing employers such as UPS appoint the remainder. Stephen Sowinski acts as plan administrator. The fund allocates across private equity, real estate, hedge funds, and fixed income. Confirmed holdings include PRISA LP and PRISA II LP managed by Prudential, EnTrustPermal Western Pennsylvania Teamsters LP, ABS Opportunities LTD, and commitments to Juggernaut Capital Partners IV and Alcentra Capital Corporation. Geographic exposure centers on the United States with additional positions in global equity and credit vehicles. It participates through limited-partner commitments rather than direct co-investments. Assets total $1.48 billion with five employees at the Pittsburgh headquarters. The fund received a $959 million Special Financial Assistance grant from the PBGC in 2022 under the American Rescue Plan Act. Service providers include NEPC as investment advisor, Foster & Foster as actuary, and Meyer, Unkovic & Scott LLP as legal counsel. Governance follows a joint board structure with equal union and employer representation, a model required by the Taft-Hartley Act for multiemployer plans. This architecture ties investment policy directly to collective-bargaining outcomes and PBGC oversight rather than to a single-family mandate.