Dear Brothers and Sisters,
Like many of you, I am also disappointed in the many projects that have been stalled or delayed. All the more reason we must continue to be vigilant in our efforts to advocate. Sadly, only about 50% of our members are actively engaged on our Action Network.
Revised PIBF SPD and Pension Statements Mailed to the Membership
A revised Summary Plan Description (SPD) book and annual Pension Statements were mailed to the membership in March. The most current version of the SPD is always available on our website at www.pibf.org.
Elimination of Contribution Suspension Period Following a 401(k) Hardship Distribution
Effective January 1, 2019, the six-month suspension period for making employee contributions following a hardship distribution has been eliminated.
PIBF has a $200 annual Vision Care Benefit for Active and COBRA Participants and their covered Dependents. Did you know an annual vision exam can help detect serious medical conditions such as glaucoma, diabetes and high blood pressure? Good vision health can also greatly affect children’s success in the classroom. Vision screening, prescription lenses, frames, and contact lenses are typical vision care services and materials which qualify for reimbursement through the Vision Care Benefit. Children under the age of 19 will be covered for the annual routine eye exam and materials to the extent required under the Affordable Care Act.
New Pension Tax Table Installed
Pension tax tables are updated in the first quarter each year. The new table for 2019 was installed effective March 1, 2019. Please review your deposit amount on or after that date and let us know if you need to make any changes.
Jo Lea Stone is the Assistant Strategic Operations Manager. Jo joined PIBF in November 2018. Jo is married to her soul mate, Karl, and has an 18-year-old daughter, Korisa. Jo says her daughter is the best thing her life has produced! Jo, her husband, and daughter partner with eight volunteer charity efforts locally and abroad. In her free time, Jo barrel races and enjoys ‘jogging’ marathons. “Customer service has always been my primary focus and dear to my heart during my 23-year IT Career. I feel amazingly blessed every day I get to solve our members’ issues, no matter how big or small they may be. The PIBF group is second to none and working alongside them is like having an ALL-STAR team you can always count on. My main goal at PIBF is to continually improve our efficiencies and effectiveness, making it easy and quick for our membership to access their benefits.”
Chad S. Williams joined PIBF in February 2019 as the Pension and Contributions Manager. Chad has been a member of Local 798 for 20 years. For the past 12, he has been a Journeyman. He is a third generation Pipeliner and son of Welder member, Guy S. Williams, and his wife, Maria. He has one daughter, Alyssa Williams Shelley, who is married to Devon. Chad graduated with a degree in criminal justice from Northeast Louisiana University. He served in the Louisiana Army National Guard for six years and the Army Reserve for two years as a combat engineer. While in service, Chad worked as a deputy sheriff, where he remains a commissioned deputy. Chad has served the Local as a Pipeman, Spacer, Line Carrier, Testing Foreman, and Testing Journeyman. When not working, he enjoys playing guitar and being with family. Chad is honored to be appointed to this position by Danny Hendrix and considers it to be a privilege to serve the membership in this new role.
MORE 798 STORIES
Dear Brothers and Sisters, Like many of you, I am also disappointed in the many projects that have been stalled or delayed. All the more reason we must continue to be vigilant in our efforts to advocate. Sadly, only about 50% of our members are actively engaged on our Action Network.
Brothers and Sisters, I hope this report finds each of you healthy and in good spirits. This year has obviously started out much slower than the last two. Through the month of May, we are well behind 2017 and 2018 man-hours, but we are still ahead of 2015 and 2016, which ended up being 6.8 million and 7.5 million man-hour years.
The pipeline hours are slower than in 2017 and 2018, but we are still ahead of 2015 and 2016, so work is not quite as slow as it may seem. We are not having a record year as we have had previously (that goal is unreasonable), but work is picking up. We have already needed to PPC-11 a nonbook to an Intermediate job in the Dakotas.
401(k) Distributions We are currently experiencing an unusually high volume of 401(k) calls and distribution applications. Please know that messages received by the Fund office will be returned and we are working to process the distribution applications in a timely manner.