11 04, 2019

Report card gauges union pension fund assets’ ties to building trades jobs

2019-04-11T08:44:00-07:00April 11th, 2019|Categories: Defined Benefit Plans|Tags: , , |

Some real estate and infrastructure fund managers dealing with building trades pension funds are doing better than others when it comes to connecting pension fund assets and union jobs, according to a report card released Wednesday at the North America's Building Trades Unions' Washington legislative conference. Building trades unions with a collective $600 billion in pension fund assets are increasingly demanding that connection, with a goal of moving $70 billion in pension assets over the next 10 years into [...]

30 04, 2018

Unions look for jobs to go with their infrastructure investments

2018-04-30T09:27:52-07:00April 30th, 2018|Categories: Pension Funding|Tags: , , |

As they push for more infrastructure spending, some unions also are flexing their financial muscle to make a direct connection between union jobs and where $500 billion in union pension assets are being invested. "We are making sure all of our resources are utilized to support our mission, not to undermine it," said Sean McGarvey, North America's Building Trades Unions president, at a Washington legislative conference in mid-April. "We are getting smarter and taking control of our own destiny. [...]