NABTU’s Capital Strategies program was created in 2016 to facilitate a more active partnership between NABTU and the trustees, administrators, advisors and investment managers of our members’ pension savings in the pursuit of benefit improvements and prudent, responsible and financially sound investment policies.
NABTU takes very seriously the fiduciary duties governing pension fund administration. The Capital Strategies program seeks to make certain our members’ pension funds are managed in a manner consistent with their long-term economic interests. We consider this our primary goal, and one consistent with encouraging responsible investment and proxy voting policies, active ownership and responsible business behavior by companies our funds invest in.
NABTU believes by encouraging responsible corporate behavior, its Capital Strategies program will cause the companies our pension funds invest to perform better over the long term and offer workers greater opportunities for a voice on the job with pay fair wages and benefits.
To accomplish these goals, our Capital Strategies program helps elect and appoint effective trustees, educates and provides technical support to union trustees, promotes responsible investment and proxy voting policies, and builds close working relations with the investment consultants and managers of our members’ pension funds.
Daniel Pedrotty directs NABTU’s Capital Strategies Department and can be reached at 202-347-1461 (x4675) or Dan@nabtu.org.
Workers walked off the job at the site of a future Amazon warehouse in Oxnard, California on Thursday because Amazon’s contractor hired non-union, out-of-state workers for the project, union officials said.Read More
Included in the $1.9 trillion stimulus bill signed by President Biden is an $86B aid package for participants of about 185 to over 300 employer-union pension plans. These plans are part of a larger system of about 1500 multiemployer pension plans covering about 10 million workers.Read More
Ullico Infrastructure Fund announced its definitive agreement to acquire GEP Bison Holdings, Inc., which owns 100% of the equity of Hearthstone Utilities, Inc., a holding company that owns and operates six natural gas local distribution companies across five states in the United States.Read More