As PIBF Co-Chairman, I am proud to announce an accrual increase for the Welders, Journeymen, and Helpers. The Journeymen rate increased from $205 to $220, and the Helpers increased from $136 to $146 per credit. Additionally, retired members will enjoy a five percent increase in their monthly amount. After the pension raises were calculated, the fund is still at 110.8 percent!
**Project Update** The U.S. Supreme Court announced in early October 2019 that it will rule on a key permit that would let the Atlantic Coast pipeline (ACP) cross under the Appalachian Trail. The justices are expected to hear arguments early next year and rule by early July 2020.**
ACP is an interstate natural gas transmission pipeline that would serve multiple public utilities and their growing energy needs in Virginia and North Carolina. The natural gas transported safely by this project would be used to generate electricity as well as to heat homes and run local businesses. By providing access to additional low-cost natural gas supplies, this project increases the reliability and security of natural gas supplies in Virginia and North Carolina.
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