Source: National Coordinating Committee for Multiemployer Plans Related Links: Joint Labor-Management Committee's Framework The Partnership For Multiemployer Retirement Security A committee of industry and labor officials, including many in construction, is hopeful a new report from the federal Pension Benefit Guaranty Corp. (PBGC) will prompt Congress to shore up weakening multi-employer pension plans. But pension-reform advocates face a struggle. No bills have been introduced yet in the House or Senate. Reformers' best hope may lie in an expected lame-duck session.PBGC's fiscal year 2013 projections report, released on June 30, paints a grim picture for its multiemployer-plan program. Without changes, PBGC
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.