Kevin Hagans, a married father of two, is an Operating Engineers member and a part of Local 1414B. He is currently working on the Riverside Drive Project in New York City, a 100% union-built property located along the Hudson River.
Capital raised for labor-related investment vehicles since 1999:
Union Pension Capital and Share Invested in Union Funds
is driven by its mission to provide Taft-Hartley and Public clients with the opportunity and support to invest in funds that uphold their union values. The ITC shares its clients’ beliefs that the hard-earned retirement security of union workers should be used to benefit worker’s locals, their families, and their communities.
This is what we strive to do at the ITC, to assist union pension funds looking to invest prudently without compromising their standards – offering the tools to help union funds harness the collective power of their assets to strengthen the labor movement and improve the lives of America’s middle class.
The success of the AFL-CIO Investment Programs shows that the pension plans of union workers have a strong interest in pooling their investment dollars, and demonstrates their belief in low investment management fees and investments that promote good corporate governance.
Richard L. Trumka, President, AFL-CIO
The AFL-CIO Investment Programs are putting IUEC members to work; I think I speak for all of us when I say we appreciate this greatly. We are privileged to benefit from the contributions of fellow union members’ pension funds.
Frank J. Christensen, General President, International Union of Elevator Constructors (IUEC)
On average, CEOs at S&P 500 companies earn 331 times more than the average worker. In other words, these CEOs are making $11.7 million a year on average. The AFL-CIO Investment Programs are a critical way the labor movement can have a large voice to ensure more fairness in executive compensation.