Workforce Federal Agency Sees Improved Picture for Multiemployer Pension Plans Tom Ichniowski August 3, 2023 No Comments Billions in aid from American Rescue Plan Act have had a major impact on the pension plans, which are used by tens of thousands of construction workers.Read More
Coronavirus and Construction House-Passed $1.9T Covid Relief Package Moves to Senate Tom Ichniowski February 28, 2021 No Comments Bill offers $1B for transit projects but is light on construction funds; changes to boost multi-employer pension plans are addedRead More
Coronavirus and Construction House Passes $3T Relief Bill With $15B for Highways, Fixes for PPP, Multiemployer Pensions Tom Ichniowski May 17, 2020 2 Comments GOP blasts bill, but measure may be Democrats' opening proposal for negotiations toward a compromise measure.Read More
Construction Workforce PBGC OKs Construction Union Locals' Pension Fund Merger Tom Ichniowski January 15, 2020 No Comments Merger of New York State LIUNA locals' pension funds is first under 2014 multiemployer pension law.Read More
Construction Workforce GOP Senators Propose Remedy for Ailing Multiemployer Pension Plans Tom Ichniowski November 23, 2019 2 Comments Plan sharply different from House-passed bill, which creates new federal loans for troubled pension plans.Read More
Construction Workforce Senate Confirms Scalia to be Labor Secretary Attorney faces key construction issues, including apprenticeship proposal Tom Ichniowski September 17, 2019 No Comments Update 9/26: Nominee approved on 53-44 vote along party lines.Read More
More than half of multiemployer plans are in construction's unionized sector Pension Agency Paints Grim Picture for Multiemployer Program Tom Ichniowski August 8, 2019 One Comment Unless Congress acts, PBGC says multiemployer program will run out of funds by end of FY 2025.Read More
Construction Workforce House Passes Bill to Aid Ailing Multiemployer Pension Plans Tom Ichniowski July 24, 2019 No Comments UPDATE 7/26/19: House approves bill to create a federal loan program to help plans in distressed condition.Read More
Multiemployer Pension Fix From Congress Unlikely Until 2019 Tom Ichniowski December 19, 2018 No Comments A special congressional committee missed its Nov. 30 deadline for developing a plan to help troubled U.S. multiemployer pension plans.Read More
Construction Workforce Federal Multiemployer Pension Program's Health Worsens Multiemployer plans are common in unionized construction sector Tom Ichniowski August 3, 2017 No Comments PBGC says its 2016 multiemployer program deficit grew to $58.6 billion from 2015's $55.5 billion. Read More