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

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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
department of Research and Education . THE POWERS OF THE PRESIDENCY The Executive Branch and Legislation . The IradUlonal rHC of clt.'UIll~ the President of the United St.lIes IS under way, as pn::sldcnual hopefuh VIC for the nom mating VOtes of Amerlcll '!> registered voters. Voters should be carefully eva l· uatlng the candld:w.::s, looklll!: beyond the photogenic, humorous, chan'>m:lIIC, personable characteristics of the IlllhvuJ. ual candidate-to seck a camhd:Hc who IS hcalthy, able to wHhM:lIld the Jcm:mrJs of the office, ltltclltgcnt, experienced, accountable to the voters, knowledgeable and understanding of the problems of the U.S. and the world, and responsIble III his exercise of preSidential powers. Voters must look beyond the facadebeyond the mdlvldual c;ulllHJatc at wh,1t the preSidency cl\l:l1ls. For, 11\ addu Ion to the obV IOUS reference to thc office of the PreSident, the pn.!'>Idency, tl!o defined In Webster's DictIOnary, IS " the Amencan governmental Institution comprL!olng the office of PreSIdent and v:tnous :t!o!oo' ci:tted admllllswltlve :tnd polLcy-makmg agencies." That, rcfcrnng to the current preSidency, would be synonymous with the Reagan Admmlstratlon, The Ineffec· tual, uncanng performance of the Reagan Admllllstr:1I10n (the PreSIdent, hIS dulyappomted Cabmet, hiS allPolllted While House staH, hIS appoll1ted fedcmlludges, and hIS hundreds of al)pOllltees to fedc r:tl agencIes, comnUSSLOns, task fo rces, worklllg groups, etc.lls one of the malll reasons why organized labor has endorsed Walter Mondale 10 be the next PreSident of the United Stales The President's I'owers The PreSident of the United St3U;S has the power 10 propose leglslatlon and to have leglslatlon lIltrodueed III Congress easLly, 10 veto \eglsJauon that has been . passed by Congress; and, through hiS appolmees 10 federal agencies, bureaus, and commISSions, to change eXI~tlllg regula tlons and to affect Ihe Implement:I' tlon and enforcement of eX isting legIS' lauon. The PreSident also Issues presldenllal documents, usulIlly III the form of prochllnlltlons or executLve orde rs, both of which have an IIlcreaSlIlg Impact on the dally li fe and activit ies of Amen cans and which often involve ne i ther consultatI on wit h Congress nor su b stantial nou fica tion to the pubt. c. Under the Creull Cuntrol A(,;t uf 1%1), the PreSident has the authonty to direct the Federal Reserve Board to reduce interest r;lIes :lnd It) allocate credit We have :tll suffen::d throllgh these Ihn:e ye.LrS of the Reagan Admlll l ~tr.lll1m, a~ the slow growth of the money ~upp l y and high IIltere", r.L1es dev:l.,t,lted the Amenc.m economy :md PUt the ~4ueeze on employment and a!o the lobs of mdhans of Amencan~ were lo~t bee.lu,e nf cutbacks Itl constrUctIOn, manufaLturmg, and salcs_ It appe;\!s now th.u the Federal Rc!oerve I~ under pre~~llre to keep the money supply IIlcre;l!>lng III .111 dton to expand ecotlnnllC growth through Elecllon D.IY The Executive Brandl ahu doc, the actual negotiating of tr.lde agreements, lind Amenca's worker .. h.IYC seen the export market for U.S plOduct~ eroded by unf.llr and IcStncttve trade pra(';lIces of cenam countries, whLle IInport·sen Sluve IIlJustnes III the U.S .LTe at a comllCtllu'C dl~JdvJnt.lge bee.IUse of the relax.lt lun of U.S. tanffs and the ullw!llmgness of the Re;lgJIl Adlllllll~tr'Hlon to enforce our tr.lde IJws. Abi lit y to Get Leg islation T IL rough C on J,: r es~ The Pres uJent and hIS allies III Cun· gress use .tli uf thcl r persuasive powers, Slnnegy, and lohhYlllg to sway legls\;HLon their WJy. MO~I n:cent PreSidents hilve depended on strong lohhYlng III Congress to enact theH lcg"lallve proposals, and Presillent Re.lgJI1 'S 10hbY IM has been no excellllOll, mdeed, he ha::. heen credited wnh many successes III getting the Pres· Idenl's Jcgl~latlon passed In the carl)' CONSUMER PRICE INDEX- CANADA AVERAGE SOURCE: STATISTICS CANADA JANUARY, 1984 1981 '" 100 He/lllh' RIte.e.- AIl It. ml T./ln,po.· p ••, onal lion & M."," V .., Comblnea 'ood Houllng CIOlhlng 1I IIon C ... R.adlng January 1984 1202 1146 1231 1090 1242 1203 1164 December 1983 1196 1125 122.7 111 1 1227 120,0 117.5 November 1983 119,2 1121 1223 111 4 121.3 120,1 118,0 October '983 119,2 1127 1222 111 1 121 1 119,7 1179 Seplember '983 118,5 111 5 121 4 1106 121,6 1195 117.7 August '983 1185 1126 t208 110,3 1226 119,0 1173 July ' 983 1179 112.7 1199 1097 1220 1188 116,9 June '983 117 d 1120 1195 1102 1214 118.2 115,3 January 1983 114 1 '06 5 1175 1055 1170 115 1 112 1 January 1982 1054 January 1981 946 January 1980 845 January 1979 77. NOTE Canada s COntumef PfIce Inde~ !of /Ill ".ms .--e••• MII 06 points 00,.09 tile paSt monln. or 0 S·. ThI$ equalled an aMu/l1 .ale 01 1FICI'.as. 016 0" 10!i' 12) TIle.nerease '" CPI OOn"9 tile paS! year was 6 I pooIlts orS 1 Pef
Page 1 and 2: TN" IL-.f ...... -'-r-~""_""-~ .t&J
Page 3 and 4: . . . . OFFICIAL PUBLICATION OF THE
Page 5 and 6: ... During the AFL-CIO Executive Co
Page 7 and 8: 4 . . Pictured here are the members
Page 9 and 10: . - . I 1 Walwr )Iondalc ha~
Page 11 and 12: International Representative John W
Page 13 and 14: . . Get more mileage for your money
Page 15: .. ANNUAL STATEMENT OF ELECTRICAL W
Page 19 and 20: DANGERS In BUYING NON-PRESCRIPTION
Page 21 and 22: t( 01 Enruv,lIe on Decembel 16 As I
Page 23 and 24: kno ... n O'~ I .he YUI$, and hopdu
Page 25 and 26: .hat will help. Why not tall .hc )A
Page 27 and 28: , Ih~ college cdueilion of 1""0 0/
Page 29 and 30: .: Stewards Seminar Held; Board Scr
Page 31 and 32: Blood Drive Trophy ,.....,..---. Bu
Page 33 and 34: Many ot ou. locil lhothe., h~~c bee
Page 35 and 36: Fruit Baskets Given to Retirees L.
Page 37 and 38: y- enem,es h~ven ' t rcally dC5uoye
Page 39 and 40: n (\ Meeting \ Graduates Honored Pi
Page 41 and 42: Honorees .....--- -Sho WII I I the
Page 43 and 44: ' bers with any new additions to th
Page 45 and 46: ~ ~n d 8. L~st ye~l, the inItIal sh
Page 47 and 48: appreciated VIce PresIdent HightllW
Page 49 and 50: Charter Members La.it Rori~oD . Idr
Page 51 and 52: ~ Costumes Some of Ihe IK.I', "It d
Page 53 and 54: Picnic Fun Socializing wtlh Prizes
Page 55 and 56: Dinner-Dance Andy and 8,,10 Zitlins
Page 57 and 58: hard n work 10 destroy us We m ust
Page 59 and 60: Shown illlhi, piCIUf~ a", rur, It I
Page 61 and 62: ·nd Add·Ben Lc~ sc ht / I al,o Fl
Page 63 and 64: January Meeting Features Distinguis
Page 65 and 66: II\IIVIEIVIDRII=IM Prayer (or OUT D
Page 67 and 68:
REFLE T . . I ' - Brother Bill r ne
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