Chicago & Vicinity Laborers’ District Council Pension Plan

Chicago & Vicinity Laborers’ District Council Pension Plan

The Chicago & Vicinity Laborers’ District Council Pension Plan was established to provide retirement benefits for members of the Laborers' International Union of North America (LIUNA) District Council of Chicago and Vicinity. It is a multi-employer plan, funded by contributions from numerous employer associations including the Builders' Association of Chicago, Underground Contractors Association, Mason Contractors' Association of Cook County, and others. The fund allocates capital across a diversified portfolio that includes real estate, common and collective trusts, pooled separate accounts, and 103-12 investment entities. Known real estate holdings include Equus Investment Partnership (BPG Fund IX), DSF Multi-Family Real Estate Fund III, Sterling Organization Real Estate Fund, and DRA Advisors Real Estate Fund. The strategy targets growth-oriented private market investments to support pension obligations, with a geographic focus on the United States. While the total assets under management are not publicly disclosed, the plan manages a substantial pool of retirement assets for approximately 10,000 participants (per public filings). The board of trustees includes employer and union representatives, with David H. Lorig serving as secretary. No significant recent operational events have been publicly reported beyond routine annual filings. The fund's structural differentiator is its multi-employer, union-negotiated framework: it operates as a Taft-Hartley plan, governed equally by labor and management trustees. This governance model shapes investment decisions toward stable, long-duration assets that match the liability profile of a mature defined-benefit plan. The fund does not publish an investment policy statement publicly.