Today, over 6% of all pension fund assets are actually Taft-Hartley Pension Funds.  Most people are not familiar with exactly what a Taft-Hartley Pension Fund is, and it is certainly worthwhile to become more educated about what these funds are.  EnTrust Capital, and managing partner Gregg Hymowitz, manages Taft-Hartley Pension Funds, in addition to their many other activities.

In 1947, an act of Congress put these funds into action as part of an amendment to the Wagner Act of 1935.  Today, these funds represent 420 billion dollars worth of investment capital.  These funds are one way that companies provide benefits to their employees at the time of retirement.  The money for the funds comes from contributions that the employer makes for the employee.  The fund trustees are appointed in equal number by the union and the employer and they oversee the investment, including making decisions about what benefits the plan can afford upon retirement.

Most of the time, investment firms shoulder the responsibility for monitoring the funds and their investment strategies.  Many firms, such as EnTrust Capital with Gregg Hymowitz, McMorgan & Company with John F. Santaguida and others, manage these funds and invest the money accordingly.