1157 Adams Street, Dorchester, MA 02124
Phone: (617) 296-1680

info@smw17boston.org

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While many multi-employer pension plans -- like those associated with SMART -- have stabilized following the financial crisis, a minority of plans -- covering about one million total participants -- face serious funding problems and could run out of money within the next 15 to 20 years. Additionally, the Pension Benefit Guaranty Corporation (PBGC) -- basically the safety valve for troubled plans -- expects its multi-employer insurance program to run out of money within a decade.

It's daunting stuff. It's something our SMART family made great sacrifices to resolve in our house years ago.

Recently, a Joint Select Committee of Congress was formed to find solutions to assist those troubled plans and to address the PBGC funding crisis.

A draft plan was circulated that punishes the multi-employer pension plans that took necessary steps years ago to address the long term solvency of benefits set aside for current and future members -- such as ours. Plan participants were asked to make great sacrifices for the sake of solvency. Those sacrifices will be ignored if this congressional committee moves forward with the current draft, as plans such as ours could be asked to underwrite the financial shortfalls of other plans.

The time has come to make sure Congress hears you loud and clear.  Click on the link below to begin.

Protect Our Pensions  

Sheet Metal Workers Local 17

Local #17 was formed in 1896 so that men and women working in the Sheet Metal Industry could bargain collectively for a good day's pay with benefits for a good day's work. Through the years our union has taken the lead in the Industry, negotiating contracts that have made our members the highest paid with the best benefit package of any Sheet Metal Worker organization in all of New England. Please feel free to look through our web site and you will see that we are committed to keeping our members and our contractors educated and informed about what is happening in the always - changing Industry of the Sheet Metal Workers.

SMW 17 News

SE at a Glance

Downloadable infographics highlighting copper's role in wind and solar energy, energy storage and electric motors.

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