News - About LABF

Feb 16, 2022 08:00 AM

Investment Consultant RFP

2021 Signature Verification Form

The LABF requires that its annuitants submit a signature verification form. The 2021 Signature Verification Forms were mailed on June 10, 2021. The forms must be signed by the annuitant, or his or her legal agent, in the presence of a notary and notarized. If you are an annuitant, please be reminded that the completed form must be returned to the LABF by July 15, 2021 to avoid interruption of annuity benefits. If you need a replacement form or if you have any questions, please contact LABF.

Jun 08, 2021 03:15 PM

Annual Participant Statements

LABF’s Annual Participant Statements were mailed. Annual Participant Statements are only mailed to members who have not retired from the LABF. If you have not received your statement or wish to update your marital status or beneficiaries on file, please call 312-236-2065 to speak with a Benefits Counselor.

Healthcare Subsidy Eligibility

The deadline to apply for the healthcare subsidy for the period 1/1/2017 – 12/31/2019 is December 31, 2020. Pursuant to the Circuit Court of Cook County’s order, the LABF notified all annuitants who were eligible to receive the health insurance premium subsidy of $25 per month for all or a portion of the period betwHealthceen January 1, 2017 and December 31, 2019. The deadline to submit a completed Health

Aug 13, 2020 07:51 AM

Retirement Board News:

The Retirement Board of the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (LABF) is pleased to announce that Tina Consola has been hired as Executive Director for the Fund. We are delighted to welcome Ms. Consola and look forward to the benefits of her leadership and vision. Ms. Consola will start on August 17th, 2020.

Apr 24, 2020 10:15 AM

Special April Board Meeting

On March 16, 2020, in response to the COVID-19 outbreak, Governor Pritzker issued Executive Order 2020-07 suspending the provisions of the Open Meetings Act, 5 ILCS 120, that require that members of a public body be physically present at meetings and that limit remote participation at meetings. Pursuant to and as encouraged by that Order, a special meeting of the Retirement Board of the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago will be conducted only by audio

Mar 30, 2020 02:25 PM

SCAM ALERT

The LABF was notified of a Medicare scam in which the current COVID-19 pandemic is used as an excuse to obtain personal information from Medicare eligible members who obtain their health insurance through Blue Cross and Blue Shield of Illinois. You can read the BCBS Notice here:

Mar 23, 2020 04:02 PM

Pension Protections and the LABF’s Investments

Many members have recently contacted the LABF expressing concern about the recent downturn in the global financial markets and its impact on their pensions and the LABF investments. The status of the LABF’s investments will not affect the amount of your pension. The Illinois Supreme Court has held that your pension is guaranteed by the pension protection clause of the Illinois Constitution, regardless of the amount of money that exists in the LAB

Sep 23, 2019 03:01 PM

2019 Annual Signature Verification Form

The LABF requires that its annuitants submit an annual signature verification form. The 2019 Annual Signature Verification Forms were mailed on September 23, 2019. The forms must be signed by the annuitant, or his or her legal agent and notarized. If you are an annuitant, please be reminded that the completed form must be returned to the LABF by October 18, 2019 to avoid interruption of annuity benefits. If you need a replacement form or if you have any questions, contact the LABF.

2018 Trustee Election

Aug 06, 2018 07:32 AM

2018 Trustee Election

In accordance with State law, an election must be held to select a board trustee of the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (“LABF”) representing the active employees to serve a three-year term beginning December 2, 2018 and ending December 1, 2021. The Board of Trustees of the LABF (“Board”) hereby gives notice that the election will be held on WEDNESDAY, OCTOBER 17, 2018, between the hours of 6:00 A.M. and 6:00 P.M.in the office of the LABF, located