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    construction Pensions

    The Second Industrial Age brought the production of steel and electricity. Together they allowed immense growth in building technology and interstate commerce. Railroads were built, allowing people and goods to travel more quickly. Steel-framed high-rise buildings first appeared in Chicago, a city that experience tremendous business growth.

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    What's New

    In June, Acting New York City Buildings Commissioner Robert Limandri announced new initiatives to increase construction safety, in the aftermath of a second deadly crane accident.  This included pushing new legislation that would hold contractors more responsible for dangerous construction.

    Meanwhile, in Chicago, city and state elected officials pursued a $16 million pension bond to, among other spending programs, help jumpstart city construction.

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    construction Quotes

    “The prevailing wage law was designed to prevent contractors from coming into an area and undercutting local workers. Business leaders have complained for years that the rate does not reflect wages contractors pay locally. [They] say it adds as much as 20 percent to a construction project.”

    -- Quincy (MA) Herald-Whig, August 11, 2007

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    Construction Pension News

  • Senate Dems Eyeing Pension Loans
  • Challenges of a Building Boom
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    Pension Questions

    1. So you’re a construction worker...
    2. Does my pension have a solid foundation?
    3. Who’s overseeing my pension?
    4. Where do I go to find out about my pension?
    5. Contact info for various trades
    Construction Pension
          RESOURCES
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