pensions

DOL Website Shows Some Construction Industry Pension Plans Remain in Financial Trouble

2 January 30, 2019  Featured, Federal Construction, State & Local Construction

Following this week’s post at TheTruthAboutPLAs.com about pensions and government-mandated project labor agreements, The Project Labor Agreement and Troubled Union Multiemployer Pension Plan Nexus, ABC’s Newsline published this article Jan. 30, 2019, Some Construction Industry Pension Plans Remain in Financial Trouble, about multi-employer pension plans. Merit shop contractors are typically wary of competing for taxpayer-funded construction […]

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The Project Labor Agreement and Troubled Union Multiemployer Pension Plan Nexus

0 January 28, 2019  Featured, Federal Construction, State & Local Construction

Construction unions attempt to entice merit shop craft professionals and new construction industry workers and apprentices into joining a union with promises of generous retirement benefits via multiemployer pension plans. Construction unions lobby elected officials in charge of procuring taxpayer-funded construction projects with arguments on why union contractors and union workers deserve special treatment through various […]

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Many Construction Industry Multiemployer Pension Plans Remain Severely Underfunded

3 July 1, 2013  Featured, Federal Construction, State & Local Construction

Construction unions attempt to entice merit shop craft professionals and young workers into joining a union with promises of generous retirement benefits through multi-employer pension plans (MEPPs). They also convince elected officials in charge of procuring taxpayer-funded construction projects why union contractors and union workers deserve special treatment through various schemes like government-mandated project labor […]

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The Dismal Future of Construction Industry Multiemployer Pension Plans

1 April 23, 2012  Federal Construction, State & Local Construction

A new report shining light on the dreadful health of multi-employer pension plans (MEPPs) for U.S. union workers and retirees estimates such plans are only 52 percent funded, with a $369 billion shortfall. MEPPs in the construction industry are responsible for a significant amount of pension shortfalls.

Construction MEPPs are responsible for about $167 billion (or 47 percent) worth of PBGC-insured MEPP underfunding. Abd it could get worse. Fifty-five percent of the 1,488 MEPPs insured by the PBGC are in the construction industry. The largest number of employees from any industry, about 3.885 million or 37.4 percent of all PBGC-insured MEPP participants (workers and retirees), are from the construction industry.

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Workers Injured on San Fran Union-Only Construction Jobsite Financed by Union Pension Fund

0 September 5, 2011  Federal Construction, State & Local Construction

Last week four union construction workers were seriously injured in an accident at the $40 million Potrero Launch apartment project in San Francisco’s Dogpatch neighborhood (“Four hospitalized after SF construction accident,” 8/31/11): The roof support structure gave way and collapsed onto three workers below, who were in a stairwell on the sixth floor, he said. […]

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American Spectator: Employers and Workers Lose Out Under Project Labor Agreements

0 June 3, 2010  Federal Construction, Uncategorized

An article in the American Spectator explains why anti-competitive project labor agreement (PLA) schemes and President Obama’s pro-PLA Executive Order 13502 are a bad deal for employees and employers in the construction industry (“Employers and Workers Lose Out Under Project Labor Agreements,” 6/2). Labor bosses who have failed to secure pension obligations for their membership have successfully schemed […]

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ABC Western Pennsylvania Chapter News Release: Potential PLA Would Cost McKeesport Taxpayers More

1 June 2, 2010  School Construction, State & Local Construction

In a May 27 press release, the Western Pennsylvania chapter of Associated Builders and Contractors (ABC) announced that they held a meeting on May 26 with the McKeesport Area School District Building and Grounds Committee to discuss the negative impact of wasteful and discriminatory project labor agreements (PLAs). The release also outlines some of the […]

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Government Project Labor Agreement Mandates Harm Small Businesses

1 June 2, 2010  Federal Construction, Uncategorized

Last week the federal government celebrated National Small Business Week.  Over at TownHall.com, the Workforce Fairness Institute’s Katie Packer wrote about government-mandated project labor agreements (PLAs) when describing how “the Obama Administration’s support for proposals that result in forced unionization could lead to the extinction of these very same businesses” (“Obama Administration’s Small Business Policies […]

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ABC Member Discusses Federal Project Labor Agreements on Fox Business Network

2 May 13, 2010  Federal Construction, Uncategorized

Last night, David Asman of FOX Business Network’s “America’s Nightly Scoreboard” program interviewed Brett McMahon, vice president of ABC member firm Miller & Long Concrete Construction, about the April 13 final rule implementing President Obama’s pro-project labor agreement (PLA) Executive Order 13502. The Obama order strongly encourages federal agencies to steer lucrative construction contracts to […]

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More Ink on Big Labor Favor

1 May 1, 2010  Federal Construction, Uncategorized

Christopher Neefus at CNSNews.com reports on the April 13 final rule implementing the pro-project labor agreement (PLA) Executive Order 13502 that encourages federal agencies to steer lucrative federal construction contracts to construction companies signatory to Big Labor (“Obama Gives Unions a ‘Massive Payback’ with Executive Order, Contractors Claim,” 4/30). Interviews with Rep. John Kline (R – Minn.), Brett […]

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