AGC testifies before Congress, urges new pension bill

The Associated General Contractors of America is urging Congress to pass a multiemployer pension bill that would boost the maximum deductibility limit. The limit would climb to 140% of current liability and help ease the industry's funding problems. "The construction industry is the number one user of multiemployer pension plans because they provide portability for workers as they move to different jobsites and new employers," AGC CEO Stephen E. Sandherr said.

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