On Jan. 9, U.S. Reps. Phil Roe (R-1st-Tenn.) and Donald Norcross (D-1st N.J.) hosted a bipartisan roundtable discussion at the U.S. Capitol where they unveiled the Give Retirement Options to Workers (GROW) plan, a bipartisan effort heavily supported by SMACNA designed to modernize and strengthen the multiemployer pension system for the future.
SMACNA contractor Carol Duncan, chief executive officer, General Sheet Metal (GSM), shared her hope that the GROW plan would allow her to invest in the future, create more jobs, and one day hand down her business to her daughter. Without passage of the GROW plan, significant liabilities can exist when passing ownership of a company to the next generation.
Other participants spoke about the importance of strengthening the multiemployer system, focusing their comments on the need to preserve and protect retirement benefits to support and retain qualified workers.
Also participating in the roundtable discussion were Michael Scott, executive director, National Coordinating Committee for Multiemployer Plans (NCCMP); Brent Booker, secretary-treasurer, North America’s Building Trades Unions (NABTU); and Brian Turmail, vice president of public affairs and strategic initiatives, Associated General Contractors of America (AGC).