On July 28, AGC joined fellow construction employer groups and building trades unions in support of new retirement plans, Composite Plans, which enjoy bipartisan backing in Congress. These groups recognize the importance to preserve lifetime retirement benefits for millions of working men and women and will continue to advocate for pension reform in COVID-19 relief packages. The construction groups and unions take direct aim at opponents of Composite Plans who have failed to provide any legitimate criticism of the composite plan design plan model. An additional Composite Plan resource from June included new analysis that found Composite Plans would have fared better during the coronavirus than traditional multi-employer retirement plans.
For more information, contact Jim Young at jim.young@agc.org.