Construction Industry Laborers Pension Fund

Construction Industry Laborers Pension Fund

The Construction Industry Laborers Pension Fund was established in 1964 as a multiemployer defined benefit plan. It provides retirement, disability, and death benefits to members of LIUNA locals in the Kansas City region through contributions from contractors affiliated with the Associated General Contractors of Missouri and the Heavy Constructors Association of Greater Kansas City. The fund allocates 9.46 percent to private equity through commitments including RCP Multi-Strategy Fund II, Hamilton Lane Vintage 2007 Fund, The Yucaipa Companies Vintage 2008 Fund, and Siguler Guff Fund. Real estate holdings represent a 7.2 percent target allocation via vehicles such as ElmTree U.S. Net Lease Fund V. Fixed income comprises investment grade debt at 13.1 percent and high-yield debt at 9.9 percent of assets. All investments are concentrated in the United States. The fund reports 983 million dollars in total assets. It maintains a related vehicle, the Construction Industry Laborers Supplemental Medical and Retirement Target Fund, valued at approximately 43 million dollars. Service providers include Wilson-McShane Corporation as third-party administrator since 2018 and TIC International Corporation as fund administrator. The fund functions as a union-negotiated multiemployer plan whose governance is shared between union and employer trustees under the terms of collective bargaining agreements.