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Welcome to the National Coordinating Committee for Multiemployer Plans (NCCMP) website. NCCMP is an organization of national, regional and local multiemployer pension and health and welfare plans, International and Local Unions, national and local employer associations, individual local employers, and multiemployer fund professionals. Bookmark this page and make us your primary resource for information regarding multiemployer plans.
For more than 30 years, we've been representing the interests of multiemployer plan participants in the halls of Congress, in regulatory arenas, and in the courts.
We're protecting the financial security of our funds--and enhancing the benefits they provide--by holding down regulatory and administrative costs. We've already saved multiemployer plans billions of dollars by minimizing PBGC premiums, opposing inappropriate benefit mandates, and reducing administrative burdens.
We're maintaining the ability of multiemployer plans to establish and administer benefits in a free and flexible manner. We've prevented proposed regulations from interfering with our ability to design benefit programs that best meet the needs of multiemployer plan participants.
And, every day, we're working to defeat legislative and regulatory proposals that work against the best interests of our participants. We're fighting to stop proposals that would lead to the taxation of health benefits. And we're addressing the concerns of multiemployer plans in the debate over health care and retirement "reform" proposals.
Multiemployer Pension Funding Reform Bill Passes!
Since 2008, the NCCMP has worked to develop a plan for multiemployer pension plan funding relief and has lobbied Congress to enact this relief. We are pleased to announce that on June 25, 2010, President Obama signed into law the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (The Act) that provides multiemployer pension plans with substantial funding relief.
By clicking on the links below, you can read The Act, NCCMP's relief bill announcement, and the technical corrections that NCCMP proposes are needed in order to ensure the maximum relief intended.
- Click here read The Senate Finance Committee's legislative summary/text of HR 3962
- Click here to read NCCMP's Summary and Analysis of Relief Bill
- Click here read NCCMP's Technical Corrections Discussion
2010 NCCMP Multiemployer Pension Plan Funding Survey.
Thank you to the many funds that participated in our 2009 survey. You helped the multiemployer community succeed in its efforts to obtain pension funding relief. We need your help again this year and, if you didn't participate in the survey last year, please consider filling out the form this year. It's easy. Just click here to download the 2010 Multiemployer Plan Funding Survey and email your answers to us at jshapiro@nccmp.org or fax them to 202-737-1308.
NCCMP Releases the Results of the 2009 Survey of the Funded Status of Multiemployer Defined Benefit Pension Plans.
NCCMP has released the results of the most comprehensive study of the funded status of multiemployer defined benefit pension plans ever commissioned. The primary finding of the study was that multiemployer plans whose liabilities were, on average, approximately 90% funded going into the "Great Recession," declined by an average of 22.1% from the beginning of 2008 to 2009, causing the plans to face unprecedented future funding challenges. The damage inflicted by the recession on the plans in the study (whose assets collectively represented more than a quarter of a trillion dollars going into 2008) and the recession's ongoing negative effects have coincided with the new, more aggressive funding requirements of the Pension Protection Act of 2006.
The study was undertaken in response to Congressional and industry questions regarding the impact of the contraction of global investment markets on the funded status of approximately 1,500 multiemployer defined benefit pension plans. The study collected detailed data from 392 plans, covering over 60% of all multiemployer plan participants, for the period from 2007 through early 2009. The study examined such items as the number and status of plan participants, the market and actuarial values of assets, investment performance, asset allocation, assumed rates of return, benefit payments, average contribution rates and the percentage of total compensation represented by such contributions. Click here
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WHAT'S NEW?
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- 2010 NCCMP Annual Conference
September 27-29, 2010
Pre-conference functions on September 25 and 26, 2010
The Diplomat Hotel
West Hollywood, Florida
To read/download the conference registration or exhibitor sponsor forms, click here
Cick here to Read/Download FASB's Disclosure Draft issued July 20, 2010 on Certain Loss Contingencies. NCCMP is preparing comments.
Cick here to view presentations from the 2010 Global Conference held in Brussels, Belgium in June 2010.
Cick here read the Multi-Industry Letter to Congress in Support of HR3936, "The Preserve Jobs and Benefits Act of 2009" and S3157 "Create Jobs and Save Benefits Act of 2010".
June 25, 2010 President Obama signed the pension funding relief bill into law. Cick here to link to Senate Finance Committee's legislative text/summary of HR 3962.
Click here to read the recent regulations regarding grandfathered plans under the Patient Protection and Affordable Care Act (health care reform). Click here to read regulations regarding dependent children coverage to age 26 under Patient Protection and Affordable Care Act.
Please click here to read NCCMP comments to Centers for Medicare and Medicaid on the Early Retiree Reinsurance Program. Click here to read the Retiree Reimbursement Program regulations from HHS
June 18, 2010: Senate passed pension funding reform relief for multiemployer pension plans in HR 3962. Bill now goes to the House for consideration. Click here to link to Senate Finance Committee's legislative text/summary of HR 3962.
Click here to watch Randy DeFrehn go head-to-head with Diana Furchgott-Roth, Manhattan Institute Adjunct fellow, on pension funding reform legislation in HR 4213 and other pension relief measures.
Click here to watch Randy DeFrehn's testimony before the Senate's Health Education Labor and Pension Committee on May 27, 2010 regarding "Building a Secure Future for Multiemployer Plans".
Click to read letters from the Chamber of Commerce and the food industry in support of pension relief legislation.
On March 10, 2010, the U.S. Senate passed HR 4213), known as the "Tax Extenders Act of 2009". Click here.
To read NCCMP amicus brief in Merck v. Reynolds, click here. To read the Supreme Court decision, click here.
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