The LABF Salary

The LABF Salary

How much does the The LABF Pay for employees?

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As of July 2026, the average annual salary for employees at The LABF in the United States is $97,864. This translates to an approximate hourly wage of $47. Salaries at The LABF typically range from $86,101 to $110,647 annually, reflecting the diverse roles and experience levels within the company. The LABF’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does The LABF Pay for Different Roles?

Explore detailed salary information for specific jobs at The LABF. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at The LABF

Ready for your next career move? Explore current job openings at The LABF. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is The LABF’s Pay Competitive? Salary Benchmarking Analysis

How does The LABF’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
The LABF
Insurance
American Association of Insurance Services Inc
Langdon Title Agency LLC
Industry Comparison
Our data shows that, on average, compensation at The LABF is below the average for the U.S. Insurance industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared The LABF average annual salary with several similar companies. The LABF average salary of $97,864 is lower than American Association of Insurance Services Inc, which has an average salary of $99,510. It is lower than Langdon Title Agency LLC, with their average salary at $108,961. This places The LABF in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How The LABF's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at The LABF. Click a company name to learn more.

Employee Reviews: Working at The LABF

Considering a career at The LABF? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The company operates smoothly, with well-defined roles and expectations. The team is collaborative, and everyone is willing to help when needed. The company culture is welcoming, and employee feedback is valued. There’s not much flexibility in role changes, but job security is high. Team collaboration is a highlight, making daily tasks enjoyable.
Commented in March 16, 2025
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The training programs are well-structured, making onboarding smooth. The company culture is collaborative, and there’s a strong emphasis on professional growth. The team is professional, and management is approachable. The company encourages innovation, and employees are recognized for contributions. The company’s insurance products are well-regarded, aiding client trust. Compensation is market-ap...
Commented in May 28, 2024
25
1
While the role may not be highly dynamic, it offers stability and learning opportunities. Training is provided, though it could be more tailored to individual roles. The corporate social responsibility initiatives, like volunteer days, add a meaningful aspect to the job. I enjoy working here due to the collaborative culture and strong leadership. There’s a strong sense of teamwork, which makes eve...
Commented in March 08, 2024
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1

The LABF Overview

Website
www.labfchicago.org
Founded In
1935
Employees
<25 employees
Industry
Insurance
Headquarter Address
321 N Clark St Chicago Illinois IL 60654
Revenue
$5 Million - $10 Million
Phone Number
+1 3122360574
Social Media
About The LABF
The Laborers and Retirement Board Employees Annuity and Benefit Fund of Chicago (the LABF) was established in 1935 for the purpose of providing retirement and disability benefits to employees of the City of Chicago or the Board of Education who may be employed in a laboring capacity and to the beneficiaries of such employees. Employees of three City of Chicago retirement boards are also members of

What Benefits Does The LABF Offer Beyond Salary?

A competitive compensation package is more than just a salary. The LABF offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at The LABF.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from The LABF, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of The LABF salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of The LABF

1. How much does a The LABF employee make?

The LABF pays its employees an average of $97,864 per year. The average salary at The LABF range from $86,101 to $110,647 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than The LABF?

The salary at The LABF is lesser than the similar company. The average annual salary at The LABF is $97,864, or an hourly wage of $47, in comparison to American Association of Insurance Services Inc which pays $99,510 per year or $48 per hour.

3. How much does a President typically earn at The LABF?

A President at The LABF typically earns an average annual base salary of around $757,556, with a general range of $579,887 to $954,630.

4. Do employees with advanced degrees (Master's, PhD) earn more at The LABF?

In many roles at The LABF, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Chicago affect the perceived value of a The LABF salary?

Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). This significantly impacts the purchasing power of a salary from The LABF based there. Our "Cost of Living Insights for Chicago" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does The LABF typically offer employees?

The LABF generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at The LABF" section on this page.

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