1984-04 April IBEW Journal.pdf - International Brotherhood of ...

NOTICE
SUMMARY ANNUAL REPORT FOR IBEW MEMBERS PENSION PLAN
This is a summary of tha annual report lor the IBEW Members
Pension Plan, Employer tdenlJlication Number 53-0088380. lor the
fiscal year ending June 30, 1983. The annual report has been liled
with the Inlemal Revenue Service, as required under the Employee
Retirement Income Security Act 01 1974 IERISA)
Basic Financial Statement
I. An accountant's report
2. Assets held fOf Investment;
3 Loans or other obligations in default.
4 Transactions In excess of three percent (3%) of plan assets
Benefits under tha ptan are prOVided by members' dues and
investment income Plan expenses were $54,442.571 Thesa ex·
penses included $1 ,539,497 in administratIVe expenses and SSI. 780, 743
In benefits paid to participants and beneficiaries, and $1 ,122.331 in
other expenses. A tOlal 01 351.168 persons were parliclpanls in or
beneficiaries 01 the plan at the and of the plan year, although not all
01 H19se persons had yet earned the right 10 receive benefits.
The value 01 plan assets. after subuacting liabilities 01 the plan. was
$353.270.379 as of June 30.1983. compared to 5270.041.557 as of
July I. 1982. During the year the plan experlen~ed an Increase in its
net assets of 583,228,822. This Increase includes unrealized appreelatiOn
or depreciation In the value 01 the plan assets. thaI is. the
dlHererlCe between the value of lhe plan's assets at the end of Ihe
year and the value of the assets al the beginning of the year or the
cost of assets aCQUIred dunng the year. The plan had a tOlal income
of 571 ,402,402. Including members' dues contnbutions of $33.018,357.
gains of 53.632.342 from the sale of assets. and earnings from
mvestments of $34.75t.703
Your Rights to Additional Inlormatlon
You have the nght to receive a copy of the full annual report. or
any part thereof. on reQuest l'he Items I.sted below are irICluded In
that report
To obtain a copy of the lull annual report, or any pan thereof. write
or call the office of Ralph A Leigon, who Is the Plan Administrator.
1125-t5th Street, N.W,. Washington. D.C. 20005. Telephone: (2021
833·7000. The charge to cover the copying costs will be $11.00 for
the full annual report. or $.25 per page for any pan thereof.
You also have the right to receive from the plan administrator, on
request and at no charge. a statement 01 the assets and liabilities 01
the plan and accompanying notes, or a statement of income and
expenses of the plan and accompanying notes. or both. lf you request
a copy of the full annual rePOn from the plan administrator. these two
statements and accompanying notes will be included as pan of thaI
repon The charge \0 cover copying costs given above does not
Include a charge for the copying of these portions of the rapon because
these por1ions are furnished wlthoul charge
You also have the legally protected light to e~amlne the annual
repon at the main oNice 01 the plan. I 125-15th SlIeet. N W. Wash·_
jngton, D.C. 20005. and at theU S Oepanment of labof in Washinglon,
DC., Of to obtain a copy Irom the U.S. Department 01 Labor upon
payment of COpying costs Requests to the Department should be
addressed 10: Public Disclosure Room .. N4677, PenSIon and Welfare
Benefll Programs. Depanment of Labor. 200 Conslnutlon Avenue.
N W . Washington. DC 20216
MONDALE
Continued /mm Po}.:(' R
hargalOlOg ~lIld to the goal s of soc]:11 and
economic progress for which the trade
unton movcment works has never wav '
ered dunng his long and well·docu·
menled career III publtc Itfe.
II siems from a life long conVictIOn that
a decent, productive lob fo r all who want
to work, and a faIT share of the frUitS of
thcIT la bor, arc baS IC clemen IS of Amcr·
lcan prosperu y, and Ihal our federal gov·
ernment must reassert Its central role III
the just stewardship of labor·manage
men! affairs.
From hiS entry on the nallonal scene
as a U.S. senatOf 10 1965, Mondale has
fough t for falf pi:ly m the enactment and
enforcement of federal labor·manage·
ment law. At the same lime, he has
supported programs to bnng our nallonal
goal of full employment closer to reahty.
In the Senate, Mondale stood at the
Side of workers on repc-1I1 of Secllon 14(bl
of the Taft· Hartley Act which pamlts
states to negate federal guaT:llltecS of the
nght to organtze; on endmg of the bracero
program which exploited foreign migrant
farm workers; on stTengthelllllg of federal
OSHA programs) and on the preservation
of umon rights to partlCl p:II C in the po·
lillcal process
Mondale never fatled to defend respon·
sLble trade Unionism from ever'1Ilcreastng
attacks by radI cal :mu-unton forces
seebng to stnp workers of theIr umon
nghts. He helped to beat hack ~ I senes of
assaults on the Davls·Bacon Act, whIch
now is being undermined hy the Reagan
Adm1lllstration. He opposed repeated attempts,
fostered by the Nallonal "Rlghtto·
Work" CommLttee, to cripple union
voter registrallon and poltocal educallon
aCIlVllles. And he was on labor's SIde 111
cfforts to reform the Hatch Act, which
restncts polillcaJ actlvltles by federal
employees.
Through the yea rs, Mondale has demonstrated
hIS conV Iction that th e fedeT:lI
government has a responSIbility 10 fosler
job· training and lob·creallon programs as
a means of moving toward lull employ·
ment. He 10lned with labor In support of
a Wide range of measures to create,
strengthen and maintain federal iobs and
iob·tralnmg programs; to aid Victims of
technological change, of reeeSSLon ' m­
duced unemployment, of dLscnmmallon;
and to overcome other roadblocks to
gainful employment.
He continues to show a pracllcal un·
derstanding of the role of labor utllons
in American society. Speaking al the
1983 AFL-CIO Convenllon, Mondale de·
clared that, as preSident, "I'd enforce
workers' nghts and Aght for the adoption
of the Labor Law Reform Act. "
HIS publtc statements hammer at the
theme that workmg people have a right
to partiCipate, through thetr utlLOns, III
the rebUIlding of a strong AmeTican econ·
amy and faIr social climate- that orga·
IlIzed labor is, III his words, "a legitimate,
propcr, and necessary pan of a healthy
America." He makes it clear that he
Lntends to end the usc of federal agenelcs
as uillon busters, which has become rou·
tine praclLee III the Reagan AdmllllStra·
lion.
" When (the Reagan) Administration
says what our country needs is a uOlon·
free ntlllOn, I tell them what we need IS
a nalLon of free unions," Mondale de·
c1ares.
The AFL·CIO's endorsement of Walter
F. Mondale's presidennal candIdacy,
whIch was based on conSldera\lon of a
Wide variety of Issues and grassroots
consuitalLons among union members,
reflects the conViction that worklllg peopte
must be Illvolved dtrectly and can·
!lnually Ln the ciecllon campaign from
ItS beginning.
It also allies the t rade union movement
with a program and effective national
kadcr in a drive to return American
government to its proper role of promot·
Lng the well·being of all Amcncans.
..
,.
14 I IBEW JOURNAL / APRIL 1964