The Building Tradesman Newspaper

Steady as she goes for U.S. construction, overall economy


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Monster sized problem: multiemployer pension fix will need some big help from Congress

(Editor's note: this update on the state of the nation's multiemployer pension plans comes the same week that Crain's Detroit Business reported that the Michigan Regional Carpenters Council, on behalf of the Carpenters Pension Trust Fund — Detroit and Vicinity, submitted an application to the U.S. Treasury Department to make significant pension cuts. The article revealed that the $772 million Detroit Carpenters' Pension Trust Fund is only 34.8 percent funded, and in order to stave off insolvency,  fund trustees are seeking a 16 percent cut in member benefits accrued before 2007, which could go into effect on July 1, 2020. Crain's said actuaries for the pension plan have projected it will run out of money by 2034 without a reduction in benefits. It would be the largest labor union in Michigan to seek cuts in pension benefits under the Multi-Employer Reform Act). ..

Gallup says union support is at a near-five-decade high

(From the IBEW) ..

From coal to cool: New MSU STEM building re-purposes 1947 power plant


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Improving safety on your site requires empowering workers

By Scott Schneider
Laborers Health and Safety Fund of North America
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News Briefs

Trump's orders put unions on notice
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U.P. 'career days' introduce kids to trades


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Endorsement List Nov 5 2019 Election


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Sweeping PRO-union bill advances in House - but awaits a graveyard in Republican-run Senate


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Union-buster Scalia confirmed as labor secretary


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