The Partnership For Multiemployer Retirement Security A Business And Labor Initiative

Size: px

Start display at page:

Download "The Partnership For Multiemployer Retirement Security A Business And Labor Initiative"

Jemimah Bishop
5 years ago
Views:

1 The Partnership For Multiemployer Retirement Security A Business And Labor Initiative October 31, 2014 U.S. Senator Ron Wyden Chairman, Senate Finance Committee 221 Dirksen Senate Office Bldg. Washington, D.C., Dear Senator Wyden, We are Oregon s businesses. Large and small, our companies are like hundreds more that participate in multiemployer pensions. Tens of thousands of families in Oregon count on these pensions for their retirement security and we count on them to remain competitive in our markets. Oregon depends on the hundreds of millions of dollars in economic activity that comes from retirees in this state. As you know, the multiemployer pension system is in trouble and the longer we wait to fix it, the harder fixing it becomes. The longer we wait to take action, the more severe the impact on retirees and workers in the plans in the worst financial shape will become. The longer we wait, the heavier the burden will become on employers struggling to fund and extend these pension plans. Without action, the system will become weaker, retirement benefits will become endangered and retirement security for millions of Americans will be threatened. The risk of inaction to Oregon and the United States cannot be overstated. There are more than 900 employers in Oregon participating in multiemployer pension plans and more than 31,000 retirees are receiving pension benefits. More than $290 million in benefits is paid out each year to these retirees. That $290 million buys goods and services and fuels local economic activity, supporting small businesses and creating jobs. That s in Oregon alone. Nationwide, the economic impact of multiemployer pensions is $38 billion and there are tens of thousands of contributing employers and approximately four million retirees who count on multiemployer pensions for their retirement. If the U.S. Congress fails to adopt commonsense multiemployer pension reforms, these economic benefits will disappear, leaving retirees without income, workers without jobs, and companies like ours out of business. There is a solution, however, and it is supported by business and labor. It is called Solutions Not Bailouts and it helps troubled plans avoid insolvency, puts the plans recovering from the economic downturn on firmer financial footing and allows employers like us to stay in business and continue to participate. Our proposal helps those plans and retirees in trouble avoid losing everything and those that aren t better prepare for the future. It also protects taxpayers by avoiding a massive taxpayer funded bailout that could cost billions.

2 The measures in the Solutions Not Bailouts proposal are voluntary, and since all plan decisions require buy-in from both labor and management, no decisions can be made without both sides agreeing that they are in the best interest of plan participants. Many of us have used and exhausted every tool available to us to extend the solvency of these plans, including increasing worker and employer contributions and discontinuing ancillary benefits. Some workers have even accepted reduced benefits to preserve these pensions. We aren t asking for a bailout, or for Congress to make any tough decisions about the future of individual plans. We are simply asking Congress to give multiemployer pension plans like ours the tools we need to modernize and avoid insolvency. We need to address this problem before it is too late. Too many Oregonians are counting on it for their businesses and their retirement. As Chairman of the Senate Finance Committee, and a fellow Oregonian, we are asking for your help. Sincerely, Lynn Gust, President, Fred Meyer Inc., Portland, Oregon Steve Frisby, President, Safeway Northwest Division, Portland, OR Jerry Henderson, Columbia Chapter SMACNA, Portland, OR John Rozell, Alliant Systems, LLC., Beaverton, OR Mark Daskalos, Apollo Mechanical Contractors, Wilsonville, OR James Brady, Arctic Sheet Metal, Inc., Portland, OR James R. Klopfenstein, Day Heating Company, Salem, OR Fred Mentze, FM Sheet Metal, Inc., Springfield, OR Carol Duncan, General Sheet Metal Works, Inc., Clackamas, OR Dee J. Hanset, Hanset Stainless, Inc., Portland, OR Ed Portz, Harvey & Price Co., Eugene, OR Martin Ralston, The Lynch Company, Inc., Portland, OR Paul Hettervig, Plumbing and Mechanical Contractors Group, Milwaukie, OR Steve Jones, R & J Metal Fabricators, Inc., Portland, OR John Lloyd, Robert Lloyd Sheet Metal, Inc., Independence, OR Frederick L. Streimer, Streimer Sheet Metal Works, Inc., Portland, OR Paul P. Bader, Swan Island Sheet Metal Works, Inc., Portland, OR Kent Grove, TCM Corp., Portland, OR Joe Baguio, Temp Control Mechanical Service (TCMS), Portland, OR Michael Derrick, Umpqua Sheet Metal, Inc., Winchester, OR Shawn Dunigan, ABC Electric, Portland, OR Ronald J Gauger, Atlas Electrical Contractors Inc., Milwaukie, OR Lori Best, Best Electrical, Clackamas, OR Tony Bogh, Bogh Electric, Warrenton, OR Larry Myrick, Brightside Electric & Lighting Services Inc., Carlton, OR Charles Minich, Cache Valley Electric Company, Beaverton, OR 2

3 John McNeel, Capitol Data & Communication, Portland, OR Darrell W McNeel, Capitol Electric Company Inc., Portland, OR William Grassl, Carr Electrical Technology/QPS, Hillsboro, OR Ray Ellis, Cherry City Electric, Salem, OR Mark Walter, Christenson Electric Inc., Portland, OR Sonja L Rheaume, Christenson Electrical & Technology Services, Portland, OR David Dunagan, Clatsop Electric Inc., Warrenton, OR Jeffrey Holmes, Cochran Inc., Tigard, OR Jessie Lierman, Cochran Inc. Technologies, Tigard, OR Daune Lisoski, Commercial Electric, Milwaukie, OR Randy Wagner, Dynalectric Company, Portland, OR Dean Roderick, East Cascade Electric, The Dalles, OR George Adams, EC Company, Portland, OR Jon Orrell, EC Company Low Voltage Systems, Portland, OR Larry Henick, ELM Electric Inc., Happy Valley, OR Blake Landon, Empire Electric Co, Portland, OR Rick J Devlin, Environmental Controls Corp, Lake Oswego, OR Mike Davis, Farnham Electric Construction, McMinnville, OR Stanley K Heil, Heil Electric, Portland, OR William P Hughes, Hughes Electrical Contractors Inc., Hillsboro, OR Laurie L Benjamin, Inland Electric Inc., Hillsboro, OR Scott Bull, Lake Electronic Contractors Inc., Tualatin, OR Brian Myers, Liberty Electric LLC, Clackamas, OR Joe Behrman, Maranatha Electrical Construction Co, Clackamas, OR Ryan M Landon, McCoy Electric Company, Portland, OR Andrew L Crall, McKinstry Co LLC, Portland, OR David Gregoire, NAES Power Contractors Inc., Hillsboro, OR Maurice Rahming, O'Neill Electric Inc., Portland, OR Milton J Plews, Oregon Electric Group, Portland, OR Bruce F Evans, Oregon Electric Group (Friberg), Portland, OR Ken Dunn, Oregon Electric Group (ISG), Portland, OR William H Frey, Red Hills Electric Inc., Dundee, OR James A Ferris, Red's Electric Company Inc., Portland, OR Steve Collier, Rosendin Electric Inc., Hillsboro, OR David L Selby, Shaw West Company, Tualatin, OR Richard Vail, Bimbo Bakeries USA, Beaverton, Oregon Jason Landon, Sirianni Electric Corporation, Portland, OR Michael J Falconer, Stoner Electric Group Inc., Milwaukie, OR Mike Trusheim, Team Electric Company, Clackamas, OR Patrick J Maloney, Tice Electric Company, Portland, OR Lowell Arno, Tice Electric Voice & Data, Portland, OR Chris Gramson, Wadsworth Electric, Astoria, OR Karl Jensen, West Side Electric Company Inc., Portland, OR Donald Wilson, Wilson Construction Company, Canby, OR Scott Evans, Aboveboard Electric Inc., Toledo, OR Robert Breen, Breen Electric Inc., Bend, OR 3

4 Mike Brye, Camp Creek Electric LLC, Eugene, OR Brian Day, Day Electric Inc., Medford, OR Steve Schmitz, EC Company / Albany, Albany, OR Nathan Philips, Integrated Electronic Systems Inc., Eugene, OR Jeff T Guckenberger, JKG Electric Inc., Springfield, OR Adam Etherington, JRA Inc. dba Frahler Electric Company, Tigard, OR Thomas R Kyle, Kyle Electric Inc., North Bend, OR Larry R Brabham Jr, L R Brabham Inc., Springfield, OR Kevin M Ladd, Ladd Electric Inc., Reedsport, OR Michael P Weaver, M & W Electric Inc., Albany, OR Max N Landon, McCoy Electric, Portland, OR Michael Davis, Northside Electric Inc., Salem, OR Doug Aljets, Oregon Electric Group, Springfield, OR Jim Hess, Pacific Electrical Contractors Inc., Medford, OR Russell Rice, R & R Electric Inc., Turner, OR Tim Hamblin, R G Smith Electrical Contractors Inc., Corvallis, OR Randy Rema, Reese Electric Inc., North Bend, OR Gene Durnin, Salem Fire Alarm Inc., Salem, OR Scott E Martin, Santiam Electric Inc., Salem, OR Eric Scofield, Scofield Electric Company, Eugene, OR Kevin McElwee, SecureCom Inc., Springfield, OR David G Forgard, Sims Electric Inc., Roseburg, OR Ian R McHone, Tice Electric Company, Portland, OR Daniel Wolf, Valley 5 Electrical Services LLC, Salem, OR Michael J Hamilton, Valley Electrical Contractors Inc., Medford, OR Gary N Welburn, Welburn Electric Inc., Phoenix, OR Tim Mitchem, Western States Electrical Construction Inc., Newport, OR Bill L Schmeck, Winema Electric Inc., Klamath Falls, OR Craig Bonn, Wiremap Systems LLC, Albany, OR Rob Heimann, Columbia River Electric Maintenance, Umatilla, OR Rick L Rock, Rock Electric, Hermiston, OR Jerald Brandt, Ross-Brandt Electric, Inc., Hermiston, OR Brent E Woodward, Brent Woodward Inc., Redmond, OR Ronald Nagel, Cougar Construction Inc., Albany, OR Roy Hella, EC Company, Portland, OR Bryce Owen, International Line Builders Inc., Portland, OR Kenny Bruce, PAR Electrical Contractors Inc., Hubbard, OR Michael Lambert, Sturgeon Electric Company Inc., Troutdale, OR Eric Stopper, Substation Solutions LLC, Oregon City, OR Mike Podkranic, Tice Electric Company, Portland, OR Brad Proctor, Wilson Construction Company, Canby, OR Mark Wright, Peninsula Plumbing, Portland, OR Ed Gormley, Gormley Plumbing and Mechanical, McMinnville, OR Frank Leonard, Key Mechanical, Portland, OR Sandi Warren, D & F Plumbing, Portland, OR Robert Lindbloom, Apollo Mechanical, Wilsonville, OR 4

5 Dick Gerber, Twin Rivers Plumbing, Eugene, OR Carl Rice, DeTemple Plumbing, Portland, OR Jay Hansen, CJ Hansen Co., Salem, OR Dan Smith, Charter Mechanical, Portland, OR Nick Scovill, Triad Mechanical, Portland, OR Steve Harder, Harder Mechanical, Portland, OR Marin Ralston, Lynch Mechanical, Tualatin, OR Bill Moore, TCMS, Portland, OR Mason Evans, JH Kelly, Portland, OR Jim Cure, ATG, Hillsboro, OR Cheryl Hettervig, PMC-Group, Milwaukie, OR Mike McQuillan, BMWC, Portland, OR John Chambers, Chambers Plumbing, Coos Bay, OR 5

9th Oregon Super Senior Championship OGA Golf Course Gross Results for Nicklaus Flight Rank Player Name, City, State Overall Rnd 1 Rnd 2 Total Award

9th Oregon Super Senior Championship OGA Golf Course Gross Results for Nicklaus Flight Rank Player Name, City, State Overall Rnd 1 Rnd 2 Total Award Gross Results for Nicklaus Flight 1 ***Chris Maletis, Portland, OR -5 70 69 139 $175.00 2 **Tom Carlsen, Bend, OR +2 72 74 146 $150.00 3 Carey Watson, Sunriver, OR +3 72 75 147 $100.00 4 Gaylord Davis,