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!
The Eastern System Upgrade project is a critical expansion of the existing Millennium Pipeline in New York. The project will add nearly 8 miles of looped pipeline in Orange County, provide needed upgrades to a compressor station in Delaware County and construction of a new compressor station in Sullivan County. The Federal Energy Regulatory Commission (FERC) issued a favorable environmental assessment (EA) in March 2017, indicating the project is on track for a final approval by the end of the year. Timely approval will keep the project on track to begin service in fall 2018.
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