21 06, 2019

BlackRock adopts building trade group’s responsible contractor policy

2019-06-21T15:40:22-07:00June 21st, 2019|Categories: Corporate Governance|Tags: , |

Efforts to connect building trades pension fund assets and union jobs got a major boost with BlackRock's adoption of the responsible contractor policy promoted by North America's Building Trades Unions. The action announced Thursday is significant not only because of BlackRock's size, with $6.5 trillion in assets under management, but also because it is being applied to all assets and companies managed by the BlackRock Real Assets U.S. platform, with $17 billion managed in U.S. real estate and infrastructure [...]

30 04, 2018

Unions look for jobs to go with their infrastructure investments

2018-04-30T09:27:52-07:00April 30th, 2018|Categories: Pension Funding|Tags: , , |

As they push for more infrastructure spending, some unions also are flexing their financial muscle to make a direct connection between union jobs and where $500 billion in union pension assets are being invested. "We are making sure all of our resources are utilized to support our mission, not to undermine it," said Sean McGarvey, North America's Building Trades Unions president, at a Washington legislative conference in mid-April. "We are getting smarter and taking control of our own destiny. [...]

11 02, 2016

North America’s Building Trades Unions Strongly Oppose PBGC Tax Increase on Working Families in President’s Budget

2016-02-11T23:24:15-07:00February 11th, 2016|Categories: PBGC|Tags: , |

The following statement was released today by North America's Building Trades Unions in reaction to a proposed increase in Pension Benefit Guaranty Corporation (PBGC) premiums for multiemployer plans as part of President Obama's FY 2017 budget proposal: "North America's Building Trades Unions are united in vigorous opposition to the PBGC tax increase being imposed on working families through President Obama's FY 2017 budget proposal. "The PBGC premium increase, if enacted, would result in a de facto five-fold tax increase on American workers, [...]