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News & Updates

Top Three 6/8/18

Jun 07, 2018

1. House Passes WRDA Bill


On June 7, 2018, the House passed with overwhelming bipartisan support the NECA-supported bipartisan H.R. 8 - Water Resources Development Act of 2018 (WRDA)

NECA's Look Ahead »

2. PBGC to Become Insolvent in 2025

The Pension Benefit Guarantee Corporation (PBGC) released its annual actuarial analysis on the future of its operation and funding levels. The report provided a bleak analysis of the multiemployer insurance program, finding that without Congressional intervention or action, and without the increase in premiums paid by employers, this program would become insolvent in 2025. As of now, the PBGC functions at a financial deficit hovering between $60-75 billion (depending on the projection rate). This deficit, combined with the status of critical and declining plans, means that the PBGC is only able to pay out a fraction of the benefits guaranteed to workers.

NECA's Look Ahead »

3. California Primary Wrap Up

The long-awaited top-two primary election in California was held June 5 and Democrats, who flooded nearly every major race with a plethora of candidates, managed to avoid being shutout in all of their targeted races. NECA-supported candidates, including Rep. Jeff Denham (R), Rep. Eric Swalwell (D), Rep. Paul Cook (R), and Rep. Scott Peters (D) all came in first in their respective primary races.

NECA's Look Ahead »