Ironworker Management Progressive Action Cooperative Trust

Expanding Job Opportunities for Ironworkers and their Contractors

Just wanted to say that Mark, Michael and Stuart from FMI and Trevor from PWC did an excellent job engaging the classroom in discussion each day, and had a great program format for teaching. The information they brought forward was extremely useful now as I'm sure it will be throughout my career. This was only my 2nd IMPACT course that I have attended, I would like to commend IMPACT on organizing these events for Ironworkers and contractors alike, IMPACT always put on an amazing program, and does a very good job at making these events comfortable and welcoming to attend. I plan to attend more IMPACT events as the information is always very useful and IMPACT does a great job of finding the right instructors for the occasion. I would like to thank everyone at IMPACT for the work they do to set these events up and providing the opportunity to attend these courses.

Regards,

Jacob Wicks
Chief Estimator
JCT Metals Inc.

News

NEWS(1)

Senate Finance Committee Releases Comprehensive Multiemployer Reform Proposal

12/23/2019

Washington, DC - November 22, 2019 - Senate Finance Committee Chairman Chuck Grassley (R-IA) and Senate HELP Committee Chairman Lamar Alexander (R-TN) this week released their comprehensive multiemployer pension reform proposal.   Summarized in a white paper entitled “Multiemployer Pension Recapitalization and Reform Plan,” the proposal tackles all facets of the crisis in the multiemployer system. By comparison, the House-passed Butch Lewis Act provided a solution only for failing plans and its passage in the Senate was highly doubtful. 

CEA believes putting solutions on the table is the best way for Democrats and Republicans to work with each other, and stakeholders, to find common ground.   CEA employers continue to emphasize that prompt, careful action is required to avoid employer exits and bankruptcies.  CEA continues to press for modernizing the system by authorizing the use of Composite Plans by labor and management trustees of jointly administered plans in the exercise of their best fiduciary judgment.

CEA will be evaluating and commenting on the proposal and working with Members of Congress to ensure any final proposal addresses the concerns of construction industry plan stakeholders.   

See Construction Employers of America press release here.

A summary of the White Paper can be found here and an extensive technical explanation can be found here.

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