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.
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.
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.
Sustained funding and improved practices over the past 25 years have led to a steady improvement of the condition of U.S. bridges, according to Infrastructure Data Solutions Inc. (IDS). The Federal Highway Administration’s latest National Bridge Inventory data reveals a 12-point decline in the number of bridges deemed structurally deficient over a quarter century. From 1992 to 2016, NBI structures carrying such designation dropped from 118,757 to 55,309, or from 21 percent to 9 percent of the inventory.
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.