Year-End Progress on the Legislative Front

December 19, 2019

The Mineworkers national pension and health plans were provided badly need Federal fiscal support in the year-end spending measure allowing use of the abandoned mine reclamation funds to shore up both the Mineworker national pension and health funds. This long-overdue measure will help save national mineworker pension benefits and will take the fiscal pressure of looming insolvency of that plan off the Pension Benefit Guaranty Corporation’s (PBGC) potential liability books. This measure also provides a path forward for Federal support for broader multiemployer pension reform – an essential prerequisite for effective reforms to remedy the 140 or so critical and declining plans without irredeemably crippling the vast majority of otherwise healthy plans by transferring the fiscal liability for the remedy to healthy plans.

Also, health plans got some good news with the long-awaited repeal of the Cadillac tax on health plans and the 2021 repeal of the health insurer tax that was levied on our fully insured health plans.

Related Articles
As the new Senate bill was passed by the House on April 23, 2020, the Paycheck Protection Program (PPP) gained additional emergency funds. MCAA partners and law firm, Lindabury, McCormick, Estabrook & Cooper, P.C., provide an overview of the program application and loan forgiveness requirements to assist MCAA members.…
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s Wage and Hour Division administers and enforces the new law’s paid leave requirements. These provisions are effective on April 1, 2020, and apply to leave taken through December 31, 2020.…
The Department of Labor has provided guidance explaining the Paid Sick Leave and Expanded Family Medical Leave under the Families First Coronavirus Response Act. Please note questions 35-37 deal with Multiemployer CBAs but still need more clarification.…
Alston & Bird has gathered information and released the Analysis of Funding Streams in the CARES Act. The analysis covers what type of loans are available through the Small Business Administration (SBA), what is new for small businesses under the latest stimulus bill, what is paycheck protection, who qualifies for paycheck protection, what the modified EIDL Program is and how to access it.…

MCAA’s manufacturer/supplier @HarrisProducts a company of Lincoln Electric Company, became a vital partner to contractors as they fulfilled demands at medical care centers and alternate care facilities for COVID-19 treatments.

http://ow.ly/V2Sx50AnfSQ

Marelich Mechanical Company, Inc. this summer employed seven summer interns and new-hire project engineers from Northern California MCA student chapter programs.

http://ow.ly/dDWD50An3IZ

Join John Koontz and Paul Stynchcomb as they address the Critical Path Method (CPM) schedule as an essential management tool construction team members when it comes to completing an on-time and financially successful project. Register today; http://ow.ly/LMHk50AfHiK.

Load More...