presented by: mike stotz president, afl-cio investment trust corporation january 31, 2013
TRANSCRIPT
Presented By: Mike StotzPresident, AFL-CIO Investment Trust Corporation
January 31, 2013
AFL-CIO Building Investment
Trust
Union Worker Funds Represent Over $4 Trillion Dollars in Assets
CollectivelyBargained($750 billion)
Union Sponsored($480 billion)
Public Employees($2.8 Trillion)
Only 0.2% invested with AFL-CIO Investment Programs
($10 Billion out of $4 Trillion)
AFL-CIO Investment Program
AFL-CIO Housing Investment Trust
◦ Created 1964◦ $4.6 billion in net assets as of December 2012
AFL-CIO Building Investment Trust
◦ Created 1988◦ $3.1 billion in gross assets as of December 2012
AFL-CIO Equity Index Fund
◦ Created 2011◦ $2.9 billion committed as of January 2013
Union Built$4.7 billion invested
58 million hours of construction work created
$1.3 billion currently under construction
Union ServicedCollectively bargained servicing contracts on 60 current
properties
Union Competitive $10 million invested in 1988 is worth $44.5 million today
BITStrong Returns.Uncompromising Standards.
A Strong PartnershipA Shared History
BIT projects have created:
• Thousands of IBEW construction jobs
• Servicing contracts with IBEW locals on 60 current projects
The IBEW & The Building Investment Trust
Electrical Workers (IBEW): National Electrical Annuity Plan - Washington, DC NECA-IBEW Pension Trust Fund - Decatur, IL Pension Hospitalization Benefit Plan of the Electrical Industry Pension Trust Fund – Flushing, NY Electrical Workers Pension Fund, Local 103, IBEW - Boston, MA Southern Electrical Retirement Fund - Goodlettsville, TN Eighth District Electrical Pension Fund - Aurora, CO IBEW #481 Money Purchase Pension Plan & Trust - Indianapolis, IN Electrical Workers Local No. 292 Annuity Plan - Minneapolis, MN Electrical Workers Local No. 26 Pension Trust Fund - Washington, DC IBEW Local Union 1579 Pension Plan - Augusta, GA Local No. 1, IBEW, Pension Benefit Trust Fund - St. Louis, MO NECA-IBEW Local 176 Pension Fund - Joliet, IL IBEW Local No. 38 Pension Fund - Cleveland, OH IBEW Local Union No. 99 Annuity Plan - Cranston, RI IBEW Local Union No. 212 Pension Fund - Cincinnati, OH
28 IBEW Fund Participants
Electrical Workers Local No. 292 Pension Plan - Minneapolis, MN
Electrical Construction Industry Pension Plan - Milwaukee, WI
IBEW Local 131 Pension Plan - Kalamazoo, MI NECA-IBEW Local 364 Defined Contribution Pension Fund -
Rockford, IL IBEW Local Union No. 99 Retirement Plan - Cranston, RI IBEW Local 43 and Electrical Contractors Pension Fund -
Syracuse, NY Maryland Electrical Industry Pension Fund - Baltimore,
MD IBEW Local Union #226 Open End Pension Trust Fund -
Topeka, KS Electricians' Salary Deferral Plan - St. Louis, MO
IBEW Local 117 Pension Fund - Crystal Lake, IL Cascade Pension Trust Fund - Portland, OR
IBEW Local 1922 Pension Fund - Westbury, NY IBEW Local Union No. 915 Pension-Annuity Fund - Tampa,
FL
AFL-CIO Equity Index Fund• Launched March 3,2011• $2.9 Billion in assets• Responsible Proxy Voting
IBEW-NECA Equity Index Fund
Following the Standard-Bearer
• $5 billion in assets• 91 Participating Plans
• Trustee: Chevy Chase• Trust Manager : ASB Capital Management LLC
Both Funds:
Honoring the IBEW Standard
“The BIT’s Labor policies are the same as those contained in our NEBF Real Estate Program and are unmatched in the commercial real estate industry. I have spoken to numerous electrical workers who are employed at BIT projects and they cannot express how much these jobs are helping them pay their bills and provide for their families.”
- Edwin HillIBEW International President (pictured right with Investment Trust Corporation associates)
Take Ownership of Your Money
Invest Union
Mike StotzPresident
AFL-CIO Investment Trust Corporation815 Connecticut Avenue, NW, Suite 320
Washington, DC 20006
Phone: 202-898-9190Fax: 202-898-9194
www.aflcio-itc.com
Contact Information