Related Links: PBGC Press Release on 2012 Annual Report Pension Agency Sees Rise in Aid to Ailing Multiemployer Plans (ENR 12/5/11) The Pension Benefit Guaranty Corp. program that assists multiemployer pension plans has seen its deficit widen significantly. Construction is the largest industry in PBGC's multi-employer program, with 3.9 million people, or 37.4% of the total insured in 2009, the most recent PBGC data published. Multi-employer plans are common in the industry's unionized sector.On Nov. 16, PBGC reported its multi-employer insurance-plan deficit jumped to $5.2 billion, from $2.8 billion in 2011. PBGC says its assets can meet obligations "for a
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.