Chicago Laborers' Annuity & Benefit Fund is searching for an executive director.
The $1.1 billion pension fund posted a job listing on its website for its senior executive, who reports to the board and oversees a six-person administrative and investments team.
According to the pension fund's website, the position is now vacant. Tina Consola was the most recent executive director, having joined the pension fund in June 2020 to succeed Michael Walsh, former executive director and chief investment officer, who left in February 2020 to join Aiperion, a Chicago-based risk management, software and scientific research firm.
The CIO role has remained vacant for the past four years. Andy Plautz is listed on the pension fund's website as manager of investments. He was previously a benefits analyst with the pension fund.
Like other Chicago city pension funds, the Laborers' Annuity & Benefit Fund has suffered from severe underfunding in recent years. As of Dec. 31, 2022, the funding ratio was 44.5%, according to its most recent actuarial valuation report.
The job listing is posted on the pension fund's website. The application deadline is noon CDT on March 22.
Peggy Grabowski, the pension fund's management/transition consultant, and Mark Oliver, the pension fund's comptroller, did not respond to requests for further information.
