The regular meeting of the International Executive Council was called to order at 8:00 a.m., by Chairman Erikson, on Monday, Feb. 1, in Naples, Florida. Other members of the council in attendance were Calabro, Calvey, Burgham, Riley, Walter, Wagner, Lavin and Galbraith.

International President Stephenson

International President Lonnie R. Stephenson met with the members of the International Executive Council a number of times to discuss a variety of matters affecting all branches of the Brotherhood.

International Secretary-Treasurer Chilia

International Secretary-Treasurer Salvatore (Sam) J. Chilia presented financial reports covering the IBEW Pension Fund and the Investment Portfolio of the Brotherhood — both in Canada and in the United States.

Legal Defense

Payments for legal defense, made from the General Fund, were examined and approved in accordance with the requirements of Article X, Section 1, of the IBEW Constitution.

Financial Reports

The International Secretary-Treasurer's Reports for the various funds of the Brotherhood were presented to the members of the International Executive Council, examined, approved and filed.

Article XX and XXI Cases

In 2015, the IBEW was involved in three Article XX disputes, three disputes under the AFL-CIO Executive Council's "Dispute Resolution Procedure for Raids Involving Unions with Solidarity Charters", and no disputes under Article XXI. The cases remain the same as reported at the September 2015 IEC Meeting.

Action Involving Members Receiving
Pension Benefit Funds

Charges were brought against retiree Edward G. Budd, Local Union 498, Card Number D-396978 by Local Union 498 Business Manager David L. Fashbaugh. After reviewing the hearing transcripts and related documentation, the IEC determined that Brother Budd is guilty of violating Article XI, Section 6 of the IBEW Constitution. As a result, the IEC requires Brother Budd to contact his local union and tender dues payments for of the time period of January 2012 to present. In addition, Brother Budd must reimburse the PBF for pension benefits he received for the time period of January 2012 to July 2015.

Retiree William T. Herbster, Local Union 38, Card Number D-866798 was found guilty of violating Article XI, Section 6 of the IBEW Constitution. As a result, the IEC requires Brother Herbster to contact his local union and tender dues payments for of the time period of April 2012 to May 2015. In addition, Brother Herbster must reimburse the PBF for pension benefits he received for the time period of April 2012 to May 2015.

Extension of Relocation Policy

A motion was made, seconded and confirmed to extend the timeframe of the relocation policy for International President Lonnie R. Stephenson. The relocation policy has been extended until December 31, 2016.

Resolution Concerning Certain Investments
Of The General Fund And The Pension Funds

On the recommendations of the independent investment consultant for the General Fund and the IBEW pension funds and in consultation with Investments Staff, the International Executive Council took action to approve the restructuring of certain investments with the aim of optimizing the funds' respective investment portfolios.

Campaign Contribution Manager

A motion was made, seconded and confirmed by the IEC to retain Paul Greenberg as campaign contribution manager and commission International Secretary-Treasurer Salvatore (Sam) J. Chilia to negotiate an agreement.

IBEW Consolidated Balance Sheet/Income Statement Covering the 6-Month Period Ending December 31, 2015

Reviewed and Filed

IBEW Pension Benefit Fund Consolidated Statement of Net Assets/Changes in Net Assets Covering the 6-Month Period Ending December 31, 2015

Reviewed and Filed

Retirement of International Representatives

Rui M. Carrinho,
International Representative,
Second District
Effective — January 1, 2016

This regularly scheduled meeting was adjourned on Tuesday, Feb. 2, at 11:30 a.m. The next regular meeting of the International Executive Council will commence at 8:30 a.m., on Monday, May 23, 2016, in Washington, D.C.

For the International Executive Council

Patrick Lavin, Secretary
February 2015

The IEC acted on numerous applications under the IBEW Pension Fund. For a complete listing, www.ibew.org, clicking on the International Executive Council link on the "About Us" page.