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Chicago & Vicinity Laborers' District Council Pension Plan
The Chicago & Vicinity Laborers' District Council Pension Plan operates as a multi-employer defined-benefit pension fund, governed by a Board of Trustees with...
Chicago & Vicinity Laborers' District Council Pension Plan
The Chicago & Vicinity Laborers' District Council Pension Plan operates as a multi-employer defined-benefit pension fund, governed by a Board of Trustees with equal representation from the Laborers' International Union of North America (LIUNA) District Council of Chicago and Vicinity and contributing employer associations. These employers include the Builders' Association of Chicago, the Underground Contractors Association, the Mason Contractors' Association of Cook County, the Illinois Road Builders' Association, the Concrete Contractors' Association of Greater Chicago, and the Employing Plasterers' Association of Chicago. David H. Lorig, representing Lorig Construction Company, holds the Secretary position on the Board. The plan's investment posture is concentrated in real estate and private equity, executed through pooled vehicles rather than direct property holdings. Real estate commitments span commercial and residential properties, with known participations in the Equus Investment Partnership (BPG Fund IX), the DSF Multi-Family Real Estate Fund III, the Sterling Organization Real Estate Fund, and the DRA Advisors Real Estate Fund. Private equity allocations flow through common and collective trusts, pooled separate accounts, and 103-12 investment entities. The fund's geographic focus remains centered on the United States. Scale and precise deployment totals remain undisclosed. The pension plan's operations are administered from Westchester, Illinois, and the fund's beneficiaries are construction laborers working for signatory contractors in the Chicago metropolitan area. Recent public records do not surface leadership changes, new fund commitments, or benefit adjustments. The plan's structural differentiator lies in its Taft-Hartley design — jointly trusted by union and management representatives — which embeds investment decision-making within a governance framework that must balance fiduciary obligations, collective bargaining agreements, and multi-employer plan regulations that single-family offices and corporate pensions do not face.
General information
Firm type
Pension Fund
Year founded
1950
Location
Region
North America
Country
United States
City
Westchester
Corporate office
Westchester, IL, United States
Principals
David H. Lorig
Secretary, Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at the Chicago Laborers' Pension Plan?
A Board of Trustees governs the plan, with equal representation from LIUNA's District Council and contributing employer associations. David H. Lorig serves as Secretary of the Board, representing Lorig Construction Company. Investment decisions, including manager selection and asset allocation, are made by the Board, typically with the support of an investment consultant.
How does the plan's Taft-Hartley structure affect its investment strategy?
Taft-Hartley plans are jointly trusted, meaning investment policy must accommodate both union and management trustees. This shared governance often favors transparent, diversified, and income-oriented strategies that can meet long-term actuarial targets without exposing the plan to excessive single-trustee concentration risk.
What types of real estate investments does the plan hold?
Known positions include commercial real estate via DRA Advisors and Sterling Organization funds, residential exposure through the DSF Multi-Family Real Estate Fund III, and mixed-use via the Equus Investment Partnership. These are all fund-level commitments, not direct property acquisitions.
Does the plan invest directly in private companies or only through funds?
Private equity and real estate exposure comes through pooled vehicles — common and collective trusts, pooled separate accounts, and 103-12 investment entities. Direct co-investments or direct company stakes are not evident in publicly available records.
How is the Chicago Laborers' plan related to LIUNA?
The plan serves members of the Laborers' International Union of North America (LIUNA) District Council of Chicago and Vicinity. LIUNA appoints half the Board of Trustees, and contributions are negotiated through collective bargaining agreements that cover laborers performing construction work for signatory contractors.
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