IBEW Leaders Mobilize on Capitol Hill to Stop Multi-Employer Pension Plan Reform

December 10th, 2018

IBEW Leaders Mobilize on Capitol Hill to Stop Multi-Employer Pension Plan Reform

December 2, 2018 – Washington, D.C. – On November 27 to 29, IBEW Local 96 Business Manager Thomas Maloney joined with IBEW President Lonnie Stephenson and 200 IBEW business managers and pension trustees from throughout the U.S. to successfully head off an attack on Multi-Employer pension plans that Congress was considering during the current legislative session.

While in Washington, Business Manager Maloney met with Massachusetts Congressional delegation, including U.S. Representatives Joe Kennedy III, Seth Moulton, Jim McGovern and Richard Neal, lobbying against the pension reform which would have negatively impacted IBEW workers.

The proposal, initiated by the Joint Select Committee on the Solvency of Multi-employer to overhaul multi-employer pensions. If successful, Joint Select Committee proposal would have:

  • Taxed retirees’ pensions
  • Required active workers to pay much larger contributions to their pension funds
  • Changed the accounting rules pensions use to plan, increasing costs and uncertainty
  • Allowed for the creation of hybrid plans made up of pensions and defined contribution plans like a 401k that shift all the risk to workers, raise costs and will leave the original pension underfunded.

Read the complete story on the pension plan issue and the IBEW successful lobbying efforts:

IBEW Leaders Mobilize on Capitol Hill to Kill Pension Attack, For Now

IBEW International President Lonnie Stephenson’s letter to Local 96 Business Manager Thomas Maloney re: Multi-Employer Pension issue.


Upcoming Events

As COVID restrictions within the State of Massachusetts have been lifted as of May 29, 2021, IBEW Local 96 will be able to resume activities previously restricted due to the COVID-19 Pandemic.

June 2021

  • Wednesday, June 15, 2021 6:00 PM – RENEW Meeting at the Union Hall
  • Thursday, June 17, 2021 5:30 PM - LU 96 Motorcycle Club at the Union Hall
  • Tuesday, June 22, 2021 5:00 PM – LU 96 Executive Board Meeting at the Union Hall

July 2021

  • Monday, July 5, 2021 – Independence Day Observance – IBEW Local 96 Holiday
  • Monday, July, 12, 2021 6:00 PM – LU 96 Union Meeting at the Union Hall
  • Thursday, July 15, 2021 5:30 PM – LU 96 Motorcycle Club at the Union Hall
  • Wednesday, July 21, 2021 6:00 PM – RENEW Meeting at the Union Hall
  • Tuesday, July 26, 2021 5:00 PM – LU 96 Executive Board Meeting at the Union Hall

August 2021

  • Monday, August 2, 2021 6:00 PM – LU 96 Union Meeting at the Union Hall
  • Wednesday, August 18, 2021 6:00 PM – RENEW Meeting at the Union Hall
  • Thursday, August 19, 2021 5:30 PM – LU 96 Motorcycle Club at the Union Hall
  • Tuesday, August 24, 2021 5:00 PM – LU 96 Executive Board Meeting at the Union Hall

September 2021

  • Monday, September 6, 2021 – Labor Day Observance – IBEW Local 96 Holiday
  • Monday, September 13, 2021 6:00 PM – LU 96 Union Meeting at the Union Hall
  • Wednesday, September 15, 2021 6:00 PM – RENEW Meeting at the Union Hall
  • Thursday, September 16, 2021 5:30 PM – LU 96 Motorcycle Club at the Union Hall
  • Tuesday, September 27, 2021 5:00 PM – LU 96 Executive Board Meeting at the Union Hall
  • Thursday, September 30, 2021 – LU 96 Retiree Group to resume their monthly meetings on the last Thursday of every month at 10:00 AM at the Union Hall.

           

International Brotherhood of Electrical Workers - Local Union 96 | 508-753-8635 | Fax: 508-754-8944 | 242 Mill Street, Worcester, MA 01602