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 growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.