OE News Special Edition July 2013

OPERATING ENGINEERS' PENSION PLAN
Statement of Changes in Net Assets Available for Benefits
For the Year Ended April 30, 2012 and 2011
OPERATING ENGINEERS' PENSION PLAN
Statement of Expenses 2012 2011
Increase in Book Value of Assets: For the Year Ended April 30, 2012 and 2011
Contributions $ 35,479,577 $ 28,509,186
Cooperative housing income
Dividends, gains on sale of securities, and interest -
Administrative:
Investments managed under contract
Actuarial Other and appraisals
Real Amortization estate income
Bank charges
176,094 176,094
2012
2011
52,871,856 33,949,120
$ 267,742134,166 148,926 $ 124,798
5,437,39025,1195,384,133 19,616
6,600 6,605
Consulting
Education
94,232,659
229,250
68,167,459
206,749
8,332 2,260
Decrease Insurance in Book Value of Assets:
Labour
Benefit Payments -
Material and supplies
Cash terminations
Miscellaneous
Death
Postage and courier
Pension
Professional fees
50,522 56,444
1,035,457 912,850
31,056 29,112
4,774,039 4,586,192
100,273 91,833
228,634 918,704
49,019 44,912
40,215,596
95,664
38,874,013
88,355
Public relations
Rent
114,498 118,405
45,218,26971,369 44,378,909 70,737
Telecommunications
Expenses-
Trustees
Administrative
12,219 13,551
53,815 27,098
1,141,079 1,015,967
Investments managed under contract
Other
Cost Recoveries:
935,138 2,017,359
1,450
841,043 1,813,325
(21,087)
Administration fees 2,077,66624,2801,835,923 17,358
Management fees 852,000 780,000
Increase in book value of assets 46,936,724 21,952,627
876,280 797,358
Assigned and fair value adjustment
Totals Increase in fair value adjustment 83,946,740 $1,141,079 21,437,034 $1,015,967
Increase in assigned value adjustment 37,912,468 19,331,797
121,859,208 40,768,831
Increase in Net Assets available for benefits 168,795,931 62,721,458
Net Assets
These summarized
Available for
financial
Benefits,
statements
beginning
are not complete and do
844,956,804
not contain all of
782,235,346
the disclosures
required under Canadian general accounting principles. A complete set of financial statements, and notes
thereto, are available upon request from the Operating Engineers Local 115 Pension Plan Administrator.
Net Assets Available for Benefits, ending $1,013,752,735 $844,956,804
These summarized financial statements are not complete and do not contain all of the disclosures
required under Canadian general accounting principles. A complete set of financial statements, and
notes thereto, are available upon request from the Operating Engineers Local 115 Pension Plan
Administrator.
22 News Special Edition Summer 2013