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NCCMP Named NECA Industry Partner

Aug 22, 2013

The NECA Industry Partner Award recognizes organizations or individuals that, though not members of the National Electrical Contractors Association, contribute to the electrical contracting industry’s success through their decisions, actions, or cooperation with NECA.

The National Coordinating Committee for Multiemployer Plans (NCCMP) is a non-profit membership organization founded in 1974 in response to a clear lack of understanding of multiemployer plans that was demonstrated by lawmakers during the enactment of ERISA. It is dedicated exclusively to the advocacy and protection of multiemployer plans, their participants and their families. The NCCMP has achieved an unparalleled track record of results.

The NCCMP monitors, on a non-partisan basis, legislative, regulatory and legal developments from conception to implementation to enforcement effectively representing the interests of multiemployer plans and participants every step of the way.

By working to communicate with government officials, members of Congress and staff about the unique characteristics of multiemployer plans, the NCCMP has saved multiemployer plans hundreds of millions of dollars in regulatory and administrative costs. These savings enable NECA multiemployer plans to remain financially secure and healthy, while providing enhanced benefits to plan participants. NCCMP has worked to ensure healthy coordination of industry activity and has been a significant supporter of NECA.

NCCMP and NECA have participated in numerous joint activities for many years for the benefit of the industry, particularly in a series of joint efforts to form the Retirement Security Review Commission. The Commission’s goal was to create a proposal that presents solutions that will ensure multiemployer pension plans can continue to provide a reliable retirement benefit to millions of Americans while enabling the employers who fund them to remain strong contributors to the national economy.