Human Resource & Labor News
www.agc.orgFebruary 6, 2014 / Issue No. 01-14
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On the Inside
Labor Law
NLRB Re-Proposes "Quickie Election" Rule
NLRB Abandons Notice-Posting Rule
Circuit Court Validates Class Action Waivers in Employment Arbitration Agreements
Wage-Hour Law
Supreme Court Clarifies Meaning of “Changing Clothes” Under The Fair Labor Standards Act
Federal Contracting
OFCCP’s Disability and Veterans Rules Effective March 24, Mandatory Self-ID Form Released
Recording of AGC’s Latest Davis-Bacon Webinar Series Now Available
Labor Department Provides Clarification on Application of Davis-Bacon to Survey Crews
Union Contracting
Updated Inventory of Construction-Industry Multiemployer Pension Plans Released as Advocacy Efforts for Reform Continue
Collective Bargaining in 2013 Yields Average 1st-Year Increase of 2.2 Percent
Construction Union Membership and Members’ Earnings Both Rise in 2013, While Nonunion Workers’ Earnings Decline
HR Practice
Save the Date: 2014 Construction HR and Training Professionals Conference Set for Oct. 15-17 in Phoenix, Arizona
Health FSA Rules Modified to Allow Carryover
Counting the Cost of Payroll Cards: Are They Worth It for Employers?
Construction Firms Plan to Hire in 2014, Worry About Worker Shortages
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Union Contracting
Updated Inventory of Construction-Industry Multiemployer Pension Plans Released as Advocacy Efforts for Reform Continue
 

The Mechanical Contractors Association of America (MCAA) and Horizon Actuarial Services have released a second edition of their Inventory of Construction Industry Pension Plans. The Inventory provides historical data from all multiemployer pension plans in the construction industry. It includes analyses of key trends in plan demographics, cash flows, investments, funding, costs, and expenses. One of the enhancements of the new edition is inclusion of plan features by specific craft.

“The result is a valuable tool that will assist the union sector of the construction industry in better understanding how multiemployer pension plans have evolved, and where they may be headed, to aid them in ensuring the plans’ futures,” MCAA stated in a Feb. 1 press release.

AGC and MCAA are working together, along with other stakeholders from both labor and management, to promote certain legislative reforms in laws governing multiemployer pension plans. The proposed reforms, known as Solutions Not Bailouts, are designed to stabilize and enhance the current multiemployer system, provide additional tools for deeply troubled plans, and encourage the development of innovative plan designs. AGC hopes to see legislative adoption of the proposed reforms this year, before the scheduled sunset of the Pension Protection Act of 2006 (PPA) at the end of 2014.


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