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Blue Light Report - November / December 2019

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!

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Blue Light Report Benefits Update - September / October 2019

401(k) Plan 

We frequently are asked about taking a loan against a member’s 401(k) balance.  The Pipeline Industry 401(k) Plan does not allow participant loans.  401(k) loan repayment must be set up as a deduction from payroll.  Due to the nature of the construction industry, working for different contractors for various time frames doesn’t allow for consistent repayment of the loan, which would cause the loan to be in default. 

Health Reimbursement Arrangement (HRA) – Automatic Deposit 

If participating in the HRA Automatic Deposit program, HRA Explanation of Benefits Forms (EOBs) will no longer be mailed to you but can be accessed at any time under the Members Login section at www.pibf.org. The EOB will be available to view once the HRA claim has been processed and deposited into your account. 

Requirement to Notify PIPF of Retirement Intentions 

The PIPF sends all participants nearing their normal retirement age a letter to verify that the participant is aware that they can take their retirement and that the participant can retire immediately, or at the normal retirement age, or wait. In any case, the participant must send the completed form back so the PIPF staff will know the participants retirement intentions.  As a reminder, the Trustees previously approved the age 62 in-service distribution rule which allows a participant to retire at age 62 and draw the monthly pension and continue to workA participant can choose to wait past the normal retirement age to retire, but the final required date to retire under IRS rules is 70½.   

Featured Personnel 

Patricia Cox Reif (Patti) joined the PIBF Job Control Department in July of 2008 working with hours reporting, eligibility, and contractor fringe contributions. In September of 2017, she began training for the position of Assistant to the Director and transitioned into that position full-time on June 1, 2018.  Patti and her husband of 32 years, Bernie, live on ten acres in Bixby where they enjoy a great view, porch breezes, and farm-fresh eggs. They have two adult children, Amber and Evan, and three grands, Molly, Jacy, and Aidan.  Patti is an active member of the Ladies of 798 (as is Bernie) and loves the time spent with members during union meeting weeks.  “Working at PIBF is both a pleasure and a privilege. It is an absolute joy to serve our membership. I have made some true, lasting friendships along the way and nothing pleases me more than when one of them calls me Sister! Thank you for allowing me to be part of the family.” 

Lisa Willis started with PIBF 17½ years ago in December 2001.  She is the first face you see when you visit our office as she serves as the receptionist. She also processes claims. Lisa has been married to David for 11 years and has a daughter, Jordan, who is married to Caleb.  Presley Jo is her 4-year-old granddaughter.  Family is Lisa’s life!  She loves being Presley’s Mimi. She also enjoys “Junkingfor stress relief, and if she sees something that reminds her of you, she will purchase it for youPutting a smile on someone’s face is always her goal.  Lisa says, “It is truly a pleasure to be a part of the PIBF/798 familyI do my best to help or find the person that can help you with whatever you need when you call or come to the PIBF office. I enjoy getting to put a face with all the voices I hear each dayI feel like I’m helping the family. My job is one of the many blessings in my life.” 

MORE 798 STORIES

  • Blue Light Report - November / December 2019
    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! 
  • Blue Light Report 2 - November / December 2019
    2019 is rapidly coming to a close. If this year has taught us anything, it’s that we must be prepared to fight for every mile of pipeline that we get to lay.
  • Blue Light Report Dispatch - November / December 2019
    I have been looking back over past Blue Light reports from 1974 to 1976, and I have found some very interesting information. I could copy and paste some of the 1974 reports, and you would not be able to tell the difference. The irony is unbelievable.
  • Blue Light Report Organizer Update - November / December 2019
    I hope this report finds everyone doing well. It was nice visiting with members during the September meeting, where we had nominations for officers for the upcoming election. I would like to congratulate all the candidates and wish each of you good luck in your endeavors. There is no greater honor than serving the members of this great local union.