San Diego County Construction Laborers' Pension Plan

San Diego County Construction Laborers' Pension Plan

The San Diego County Construction Laborers' Pension Plan provides defined-benefit retirement security for unionized construction workers affiliated with LIUNA Local 89. Plan Administrator Valentine R. Macedo and Trustee James Ryan oversee the fund from a trust office at 4161 Home Avenue in San Diego. The plan is a classic Taft-Hartley multi-employer vehicle, funded by hourly contributions negotiated through the Master Labor Agreement between LIUNA Local 89 and the Associated General Contractors San Diego Chapter — an employer association representing regional contractors. The Southern California District Council of Laborers provides regional governance coordination. Investment strategy follows a diversified private-markets orientation. The fund commits capital to private equity through Better Markets Private Equity, participates in core real estate via the Mesirow Financial Real Estate Value Fund III, and maintains a relationship with Atlas Capital. The Home Avenue trust office itself sits as a directly owned commercial property at 4161 Home Avenue in San Diego. Allocation weightings are not disclosed, but the vehicle mix — separate-account relationships alongside fund commitments — suggests a hybrid approach to illiquid asset deployment designed to manage contribution volatility inherent in construction-industry multi-employer plans. Scale and team composition remain opaque. The fund does not publicly report total assets, headcount, or deployment pace. Public records confirm Macedo's concurrent role as Business Manager and Secretary-Treasurer of LIUNA Local 89, a structure common among smaller Taft-Hartley funds where plan administration and union leadership overlap. No recent operational milestones or adjacent philanthropic vehicles have been publicly reported — consistent with a pension plan that communicates primarily through annual funding notices and summary plan descriptions distributed to participants. Structural differentiation arises from the plan's multi-employer architecture. Unlike a corporate single-sponsor pension, contribution rates fluctuate with collective bargaining cycles and construction project volume in the San Diego region. This subjects the fund to cyclical funding pressures that large public plans do not face, requiring liquidity posture and asset-allocation discipline calibrated to variable contribution streams. The fund's governance sits with trustees representing both labor and management — a statutory feature of Taft-Hartley plans that embeds adversarial negotiation into fiduciary decision-making.