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Multiemployer Pension law frees union to cut benefits, avert fund insolvency

The U.S. Treasury Department has certified the results of an election in which Iron Workers Local 17 (Cleveland) Pension Fund participants have approved benefit cuts now to avoid a projected fund insolvency in 2024. Votes were cast 2 to 1 in favor of approving a plan that calls for accrued benefit reduction plus elimination of early retirement subsidies and extra benefit credits.

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Agency, federation name inaugural Green Infrastructure certifications

DC Water and the Water Environment Federation (WEF) named the first group of individuals completing the National Green Infrastructure Certification Program exam. The NGICP is designed to verify that the 62 certified individuals have successfully demonstrated competency in the foundational knowledge, concepts, and terminology required to perform tasks related to green infrastructure (GI) construction, inspection and maintenance.

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Tech think tank: ‘Innovation Infrastructure’ investment vs. concrete and steel

A traditional infrastructure plan that invests in roads and bridges could increase employment in the short term, but the Trump administration and new Congress should also focus on the building blocks of innovation, such as research & development and technology-enabled “smart” public works because they can support a more robust economy long term, contends the Information and Technology Innovation Foundation (ITIF), Washington, D.C.

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FHWA DATA: BRIDGES ARE GETTING BETTER

Read more: FHWA DATA: BRIDGES ARE GETTING BETTER

Oldcastle Precast banks on tower foundations in Cell Blocks deal

Oldcastle Precast is deepening its stake in specialty structures for telecommunications and utility customers by acquiring the assets of Cell Blocks Inc., whose proprietary, post-tensioned foundation systems support tower installations of key U.S. wireless carriers AT&T, Sprint, T-Mobile and Verizon.

Read more: Oldcastle Precast banks on tower foundations in Cell Blocks deal