The use of the “Segal Blend” interest assumption to calculate a withdrawing company’s multiemployer pension liability was a “mistake” and unsupported by the record, according to the decision in The New York Times Co. v. Newspapers & Mail Deliverers’-Publishers’ Pension Fund, No. 1:17-cv-06178-RWS (S.D.N.Y. Mar. 26, 2018). This decision may have broad consequences for multiemployer pension plans and contributing employers, because the Segal Blend method is used by many of the largest multiemployer plans in the United States. It will most likely be appealed to the Second Circuit federal court of appeals.

Construction employment increased in 257 out of 358 metro areas between February 2017 and February 2018, declined in 50 and stagnated in 51, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that the employment gains are occurring as construction firms in many parts of the country are having a hard time finding enough qualified workers to keep pace with demand.

Join us on September 12-13, 2018 in Crystal City, Virginia

Kara Tanek, GLY Construction, Inc “It used to take me 45 minutes to prepare for my meeting, now it takes me five!” “You’re getting rid of a spreadsheet? Revolutionary!” Since going live with our new customer relationship management (CRM) system, our firm recognizes that comments like these are our reward for a job well done. Like many A/E/C firms, we had a CRM system, but after 20 years, the data had become unreliable and the system was considered a necessary evil by the few who continued to use it. When we decided to transition from our legacy CRM system to something new, we had more questions than answers. Here is how we set out to answer those questions.

AGC Seeks Input from Members on Potential Impact to Their Operations

Thirty-five states and the District of Columbia added construction jobs between February 2017 and February 2018, while 38 states added construction jobs between January and February, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials praised the latest Congressional spending bill for funding career and technical education to help young workers get into the industry.

AGC spoke out against proposed guidelines that would make establishing new mitigation banks more onerous. The draft guidelines would make investment in mitigation less attractive and increase the cost of projects that rely on robust mitigation banks to comply with legal requirements and stay on budget. Furthermore, provisions in the proposed guidelines go beyond what is required by the U.S. Army Corps of Engineers’ 2008 Mitigation Rule and work against recent executive orders that prioritize regulatory reform and environmental streamlining. Proposed by the Fort Worth District of the USACE, AGC is concerned that the guidelines may be adopted by other districts.

Construction employment increased in 248 out of 358 metro areas between January 2017 and January 2018, declined in 68 and stagnated in 42, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that future construction job gains could be undermined, however, as new tariffs force contractors to pay more for steel and aluminum products and dampen demand for new construction.

As part of its ongoing efforts to increase transparency of preliminary findings with federal contractors, achieve consistency across regional and district offices, and encourage communication throughout the compliance evaluation process, the Office of Federal Contract Compliance Programs (OFCCP) has issued Directive 2018-01 standardizing the use of Predetermination Notices (PDN). A PDN is a letter that OFCCP uses to inform federal contractors and subcontractors of the agency’s preliminary findings of employment discrimination. In recent years, OFCCP has typically reserved use of the PDN for systemic discrimination cases and permitted regional and district offices discretion in whether to issue the PDN prior to issuing a Notice of Violation (NOV). The intent of Directive 2018-01 is to provide a uniform protocol for OFCCP staff to follow across all of its regions for using PDNs in both individual and systemic discrimination cases.

Submission Deadline Extended to Friday, March 16, 2018