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' BENEFITS PLAN
Statement of Changes in Net Assets Available for Benefits
For the Year Ended December 31, 2011 2012 and 20102011
Increase in Book Value of Assets:
Contributions $ 35,479,577 $ 28,509,186
Cooperative housing income 176,094 176,094
Dividends, gains on sale of securities, and interest -
% 2011 % 2010
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Investments managed under contract 52,871,856 33,949,120
Receipts: Other 267,742 148,926
Real Contributions estate income 100.0 5,437,390 $15,442,0095,384,133 100.0 $13,377,710
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Members' Benefits:
Accidental death and dismemberment insurance
94,232,659 68,167,459
0.4 69,261 1.0 102,697
Decrease Dental in Book Value of Assets:
26.7 4,119,029 28.5 3,806,031
Benefit Extended Payments health - and member family assistance 28.3 4,371,759 31.2 4,183,100
Cash Life insurance terminations
Death Long-term disability
Pension Medical premiums
7.34,774,039 1,127,9004,586,192 8.7
0.9 228,634 136,154 918,704 1.0
32.4 40,215,596 5,000,67838,874,013 35.1
1,159,275
128,733
4,701,430
Weekly disability 4.3 666,838 4.8 642,568
────────────────────────────────────────────────────────────────────────────
45,218,269 44,378,909
Expenses-
100.3 15,491,620 110.1 14,723,834
Decrease in reserve for members'
Administrative 1,141,079 1,015,967
Investments
future benefits
managed under contract
24.3
935,138
3,745,631
841,043
(4.6) (613,178)
────────────────────────────────────────────────────────────────────────────
Other 1,450 (21,087)
124.6 19,237,251 105.5 14,110,657
────────────────────────────────────────────────────────────────────────────
2,077,666 1,835,923
Gross funds available (24.6) (3,795,242) (5.5) (732,947)
Increase Administrative in book value expenses of assets 6.3 46,936,724 980,032 21,952,627 6.3 837,022
────────────────────────────────────────────────────────────────────────────
Assigned Deficiency and fair of receipts value adjustment over disbursements
Increase before in investment fair value adjustment receipts (30.9) 83,946,740 (4,775,274) 21,437,034 (11.7) (1,569,969)
Increase Investment in assigned income value adjustment 13.2 37,912,468 2,031,87019,331,797 13.9 1,854,811
────────────────────────────────────────────────────────────────────────────
Excess of receipts over disbursements (17.8) 121,859,208 (2,743,404) 40,768,831 2.1 284,842
Reserve for present and future benefits, beginning 16,111,817 15,826,975
Increase ────────────────────────────────────────────────────────────────────────────
in Net Assets available for benefits 168,795,931 62,721,458
Net Reserve Assets Available for present for Benefits, and future beginning benefits, ending 844,956,804 $ 13,368,413 782,235,346 $16,111,817
════════════════════════════════════════════════════════════════════════════
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
These
notes
summarized
thereto, are
financial
available
statements
upon
are
request
not complete
from the
and
Operating
do not contain
Engineers
all of the
Local
disclosures
115 Benefits Plan
required under Canadian general accounting principles. A complete set of financial statements, and
Administrator.
notes thereto, are available upon request from the Operating Engineers Local 115 Pension Plan
Administrator.
Special Edition Summer 2013 News 31