Newly Released Construction Multiemployer Pension Plan Inventory Supports AGC Lobbying Efforts

A report was recently released by the Mechanical Contractors Association of America (MCAA) and Horizon Actuarial Services, which contains an inventory of historical data for all multiemployer pension plans in the construction industry (not just mechanical trades).  The report explains how the funding shortfalls in construction-industry multiemployer pension plans cannot be easily corrected by only increasing contribution rates. The report supports efforts by AGC, MCAA and others in the industry working together to educate Congress about the need for legislative reforms in laws governing multiemployer pension plans. To read more about the report and for a copy of the Inventory of Construction Industry Pension Plans, 2012 Edition, click here. For more information, please contact Jim Young at (202) 547-0133 or youngj@agc.org.