OE News Special Edition June 2014

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Administrator’s ReportThe graph below includes the costs for all benefit categories dating back to 2000. Whilesome benefit costs have been rather flat, the graph clearly shows how dramatically costs haverisen in the Medical, Dental and Extended Health categories. Benefit Costs can be determinedusing the left (black) vertical axis of the graph.Not all increases are bad; membership has risen as well, tipping 5,277 at the end of 2013. Membershipnumbers can be determined using the right (red) vertical axis of the graph.16 News Special Edition Fall 2014
Administrator’s ReportAdministration ExpensesThe following tables give a breakdown of administrative disbursements for the period commencing in 2000.Operating Engineers’ Pension PlanYear Ending Assets Contributions ExpensesExpenses asa % of AssetsExpensesas a % ofContributionsTotal PlanParticipantsExpensesper PlanParticipant,per yearApril 30, 2000 $412,784,657 $18,644,501 $702,151 0.17% 3.77% 12,447 $56.41April 30, 2001 $416,350,954 $22,790,835 $678,916 0.16% 2.98% 12,654 $53.65April 30, 2002 $485,414,220 $17,144,904 $660,816 0.14% 3.85% 12,739 $51.87April 30, 2003 $490,087,308 $17,889,602 $811,192 0.17% 4.53% 12,836 $63.20April 30, 2004 $531,062,657 $18,511,783 $698,680 0.13% 3.77% 12,836 $54.43April 30, 2005 $611,447,912 $21,344,139 $685,298 0.11% 3.21% 12,836 $53.39April 30, 2006 $661,907,384 $26,948,233 $1,146,822 0.17% 4.26% 12,611 $90.94April 30, 2007 $727,512,372 $28,377,553 $980,418 0.13% 3.45% 12,870 $76.18April 30, 2008 $732,913,398 $31,418,564 $810,319 0.11% 2.58% 13,322 $60.83April 30, 2009 $713,473,674 $30,060,633 $1,065,027 0.15% 3.54% 13,450 $79.18April 30, 2010 $782,235,346 $26,235,516 $935,082 0.12% 3.56% 13,290 $70.36April 30, 2011 $844,956,804 $28,509,186 $1,015,967 0.12% 3.56% 13,274 $76.54April 30, 2012 $1,013,752,735 $35,479,577 $1,141,079 0.11% 3.22% 13,523 $84.38April 30, 2013 $1,057,885,340 $36,780,111 $900,340 0.09% 2.45% 13,578 $66.31Operating Engineers’ Benefits PlanYear Ending Assets Contributions ExpensesExpenses as a% of AssetsExpensesas a % ofContributionsTotal PlanParticipantsExpensesper PlanParticipant,per yearDec. 31, 2000 $25,930,085 $10,619,468 $723,469 2.79% 6.81% 11,406 $63.43Dec. 31, 2001 $24,181,086 $8,521,071 $722,317 2.99% 8.48% 11,118 $64.97Dec. 31, 2002 $24,494,360 $9,462,127 $604,709 2.47% 6.39% 10,448 $57.88Dec. 31, 2003 $24,853,971 $10,274,224 $523,110 2.10% 5.09% 10,108 $51.75Dec. 31, 2004 $26,374,356 $11,389,921 $593,624 2.25% 5.21% 10,249 $57.92Dec. 31, 2005 $29,643,824 $13,038,803 $711,203 2.40% 5.45% 10,712 $66.39Dec. 31, 2006 $32,057,915 $13,664,782 $799,280 2.49% 5.85% 11,116 $71.90Dec. 31, 2007 $32,345,223 $15,118,433 $847,359 2.62% 5.60% 11,719 $72.31Dec. 31, 2008 $31,073,300 $15,569,742 $772,521 2.49% 4.96% 11,994 $64.41Dec. 31, 2009 $34,303,853 $13,712,670 $810,404 2.36% 5.91% 11,660 $69.50Dec. 31, 2010 $34,216,220 $13,377,710 $837,022 2.45% 6.26% 11,016 $75.98Dec. 31, 2011 $36,414,701 $15,442,009 $980,032 2.69% 6.35% 11,943 $82.06Dec. 31, 2012 $37,493,408 $17,210,628 $987,513 2.63% 5.74% 11,958 $82.58Dec. 31, 2013 $38,047,271 $18,437,103 $942,128 2.48% 5.11% 12,224 $77.07Special Edition Fall 2014 News 17
Page 2 and 3: IUOE News is the officialpublicatio
Page 4 and 5: Message from the Chairmanbership an
Page 6 and 7: 4 News Special Edition Fall 2014
Page 8 and 9: Administrator’s ReportPension Pla
Page 10 and 11: Administrator’s ReportThe Plan’
Page 12 and 13: Administrator’s ReportBetter Valu
Page 14 and 15: Administrator’s ReportActuarial R
Page 16 and 17: Administrator’s ReportSOLVENCY VA
Page 20 and 21: Pensionsworkingfor youOperating Eng
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Page 24 and 25: OPERATING ENGINEERS’ PENSION PLAN
Page 26 and 27: 35th Annual Retirees’ Social Even
Page 28 and 29: 35th Annual Retirees’ Social Even
Page 30 and 31: Benefitsworkingfor youOperating Eng
Page 32 and 33: OPERATING ENGINEERS' BENEFITS PLANS
Page 34 and 35: OPERATING ENGINEERS' BENEFITS PLANS
Page 36: We’re working to help you get the

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