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Multiemployer Pension Reform the Main Focus at 2017 MCAA National Issues Conference

Monday, May 8, 2017   (0 Comments)
Posted by: Catie Scott
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The 2017 MCAA National Issues Conference took place Tuesday, May 2 to Thursday, May 4 in Washington DC.  Representatives from M&SCA of Eastern PA attended seminars, learned about and received updates on the current issues facing our industry, and educated members of Congress from our area on what they can do to advocate on our behalf. 

 

MCAA participated in this event as part of the Construction Employers of America (CEA), which includes the International Council of Employers of Bricklayers and Allied Craftworkers, the Finishing Contractors Association, the National Electrical Contractors Association, the Sheet Metal & Air Conditioning Contractors' National Association, Signatory Wall and Ceiling Contractors Alliance, and the Association of Union Constructors.  Each of these organizations currently face the same industry issues as MCAA on a national level and have joined together to advocate on behalf of union-signatory contractors across the country.

 

The M&SCA of Eastern PA met with the following legislators and staff while in Washington:

  • US Senator Pat Toomey (PA)
  • US Senator Bob Casey (PA)
  • US Senator Tom Carper (DE) [shown below with the CEA group]
  • US Senator Cory Booker (NJ)
  • Congressman Pat Meehan (PA-7)
  • Congressman Ryan Costello (PA-6)
  • Congressman Brendan Boyle (PA-13)

 

 

 

The primary issue discussed in these meetings was Multiemployer Pension Reform, specifically the Composite Plan design.  Attendees from M&SCA of Eastern PA urged the legislators to act quickly to provide employers and employees participating in collectively bargained, multiemployer benefit plans with more choices in retirement plan models.  The Composite Plan design is a hybrid model to bridge the gap between the existing options of traditional defined benefit plans and the defined contribution model.  The Composite Plan model would enable multiemployer pension plans to voluntarily adapt more flexible plan structures going forward that would reduce risks for contributing employers but still provide reliable, lifetime income for a comfortable retirement for workers.  

 

Additionally, other pressing industry issues were discussed in these meetings, including the proposed $1 Trillion Infrastructure Investment, defending against attacks on Davis-Bacon, Project-Labor Agreements, and Worker Misclassification.  Each of the meetings proved beneficial in making the legislators aware of our issues in the mix of a new administration and a crowded agenda. 

 

 

These issues as well as those affecting our industry on the state level are discussed in-depth each month in the M&SCA PAC Fund Video Call.  Click here to register for the next call, taking place Monday, May 15 at 8:00 AM.  To stay up-to-date on what's going on with our federal and state government, check out the weekly Congressional updates as well as the monthly Pennsylvania legislative reports.  

 

 


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