News for Retirement
L&I proposes 2.5% decrease in workers’ comp rates; AGC seeks reforms
The average amount employers pay for workers' compensation insurance in Washington would drop 2.5 percent in 2018 under a proposal from L&I.
Posted on: 09/26/2017
Pension reform passage is culmination of years of labor and management cooperation
Thanks to a huge push by AGC of America and its members Congress recently passed legislation to revamp the multiemployer-pension program in an attempt to bolster plans that are in dire financial shape. Click multi-employer pension reform.
Posted on: 12/17/2014
Local Pension Plans Healthier than Most
Doug Peterson AGC Labor Relations Director
A review of pension plans across the country is very troubling. A recent survey by the National Coordinating Committee of Multiemployer Plans showed that over 50 percent of the reporting plans are below 80 percent funding. By comparison the plans of the...
Posted on: 09/24/2013
New Plan Offers Comprehensive Solutions to Protect Multiemployer Retirement Security
A unique partnership of labor and business groups -- including AGC of America -- today moved to take proactive action to shore up the nation’s multiemployer pension plans releasing a report offering private sector solutions for solvency opportunities for growth for employers and retirement secu...