OE News Special Edition July 2013

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The graph below includes the costs for all benefit categories dating back to 2000. While some benefit costs have been rather flat, the graph clearly shows how dramatically costs have risen in the Medical, Dental and Extended Health categories. Benefit Costs can be determined using the left (black) vertical axis of the graph. Not all increases are bad; membership has risen as well, tipping 5,000 at the end of 2012. Membership numbers can be determined using the right (red) vertical axis of the graph. trenDs: Benefit cOsts anD memBershiP 16 News Special Edition Summer 2013
aDministratiOn exPenses The following tables give a breakdown of administrative disbursements for the period commencing in 2000. OPerating engineers’ PensiOn Plan Year Ending Assets Contributions Expenses Expenses as a % of Assets Expenses as a % of Contributions Total Plan Participants Expenses per Plan Participant, per year April 30, 2000 $412,784,657 $18,644,501 $702,151 0.170% 3.77% 12,447 $56.41 April 30, 2001 $416,350,954 $22,790,835 $678,916 0.163% 2.98% 12,654 $53.65 April 30, 2002 $485,414,220 $17,144,904 $660,816 0.136% 3.85% 12,739 $51.87 April 30, 2003 $490,087,308 $17,889,602 $811,192 0.166% 4.53% 12,836 $63.20 April 30, 2004 $531,062,657 $18,511,783 $698,680 0.132% 3.77% 12,836 $54.43 April 30, 2005 $611,447,912 $21,344,139 $685,298 0.112% 3.21% 12,836 $53.39 April 30, 2006 $661,907,384 $26,948,233 $1,146,822 0.173% 4.26% 12,611 $90.94 April 30, 2007 $727,512,372 $28,377,553 $980,418 0.135% 3.45% 12,870 $76.18 April 30, 2008 $732,913,398 $31,418,564 $810,319 0.111% 2.58% 13,322 $60.83 April 30, 2009 $713,473,674 $30,060,633 $1,065,027 0.149% 3.54% 13,450 $79.18 April 30, 2010 $782,235,346 $26,235,516 $935,082 0.120% 3.56% 13,290 $70.36 April 30, 2011 $844,956,804 $28,509,186 $1,015,967 0.120% 3.56% 13,274 $76.54 April 30, 2012 $1,013,752,735 $35,479,577 $1,141,079 0.113% 3.22% 13,523 $84.38 OPerating engineers’ Benefits Plan Year Ending Assets Contributions Expenses Expenses as a % of Assets Expenses as a % of Contributions Total Plan Participants Expenses per Plan Participant, per year Dec. 31, 2000 $25,930,085 $10,619,468 $723,469 2.790% 6.81% 11,406 $63.43 Dec. 31, 2001 $24,181,086 $8,521,071 $722,317 2.987% 8.48% 11,118 $64.97 Dec. 31, 2002 $24,494,360 $9,462,127 $604,709 2.469% 6.39% 10,448 $57.88 Dec. 31, 2003 $24,853,971 $10,274,224 $523,110 2.105% 5.09% 10,108 $51.75 Dec. 31, 2004 $26,374,356 $11,389,921 $593,624 2.251% 5.21% 10,249 $57.92 Dec. 31, 2005 $29,643,824 $13,038,803 $711,203 2.399% 5.45% 10,712 $66.39 Dec. 31, 2006 $32,057,915 $13,664,782 $799,280 2.493% 5.85% 11,116 $71.90 Dec. 31, 2007 $32,345,223 $15,118,433 $847,359 2.620% 5.60% 11,719 $72.31 Dec. 31, 2008 $31,073,300 $15,569,742 $772,521 2.486% 4.96% 11,994 $64.41 Dec. 31, 2009 $34,303,853 $13,712,670 $810,404 2.362% 5.91% 11,660 $69.50 Dec. 31, 2010 $34,216,220 $13,377,710 $837,022 2.446% 6.26% 11,016 $75.98 Dec. 31, 2011 $36,414,701 $15,442,009 $980,032 2.691% 6.35% 11,943 $82.06 Special Edition Summer 2013 News 17
Page 1 and 2: News Special Edition: 38 th Annual
Page 3 and 4: MEssagE FRoM thE ChaiRMan Staying t
Page 5 and 6: a MEssagE FRoM thE tRustEEs Investm
Page 7 and 8: E & E May 7, 2013 ELLEMENT & ELLEME
Page 9 and 10: The interest rate impact The follow
Page 11 and 12: Greater certainty in all investment
Page 13 and 14: is this: for every 1% drop in long
Page 15 and 16: sOlvency valuatiOn Balance sheet AS
Page 17: The three largest cost centers Medi
Page 21 and 22: REPORT OF THE INDEPENDENT AUDITOR O
Page 23 and 24: OPERATING ENGINEERS' PENSION PLAN S
Page 25 and 26: 34th annuaL pEnsion soCiaL Retirees
Page 27 and 28: 34th Annual Retirees’ Social Even
Page 29 and 30: 34th Annual Retirees’ Social Even
Page 31 and 32: REPORT OF THE INDEPENDENT AUDITOR O
Page 33 and 34: OPERATING ENGINEERS' PENSION PLAN S
Page 35 and 36: Local Union Offices District 1 and

OE News Special Edition July 2013

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