In a letter to Participating Local Unions dated April 15, 2021, the Union Chairman shares that despite the volatile effects of COVID-19 on the investment markets, the Plan continues in the Green Zone, the Trustees adopted a 33% accrual rate increase from 1.2% to 1.6% for hours worked in 2021, 2022, and 2023, and several significant legislative successes of 2020 have strengthened the multiemployer defined benefit universe.
Please click here to view the Union Chairman's letter.
