Given the many shortcomings of the multiemployer pension system traditionally used in the unionized sector of the construction industry, many parties are looking for alternatives. AGC, in cooperation with labor and others, is actively advocating for legislative changes that would authorize a new retirement plan model called “composite plans.” In the meantime, there are some alternative plan designs already available to consider. In January, AGC will offer a three-part WebEd series designed to educate union contractors and their representatives about alternatives and help inform their decisions. The series is free to AGC members and chapter staff.
On January 10, John Redmond of Segal will provide an overview of what “hybrid plans” and other relevant terms mean, of the types of alternative plans that are currently available, and of their basic features, advantages and drawbacks.
On January 15, Kelly Coffing and Ladd Preppernau of Milliman will talk about the Sustainable Income Plan, a variation on a variable annuity plan design recently adopted by several AGC chapters.
On January 24, Dan Brennan and Mark Levengood of Susanin Widman and Brennan will provide information about an AGC chapter-developed strategy involving a cash balance model.
Each session will begin at 2:00 p.m. Eastern time and will last 60 or 90 minutes.
Click here to register.