The regular meeting of the International Executive Council was called to order at 8:00 a.m., by Chairman Erikson, on Monday, January 29, 2018, in Naples, Florida. Other members of the council in attendance were Calabro, Calvey, Burgham, Riley, Furco, Easton, 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 Cooper

International Secretary-Treasurer Kenneth W. Cooper 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.

Electrical Workers Historical Society

A motion was made, seconded and carried to authorize a contribution in the amount of $3,000,000.00 to the Electrical Workers Historical Society to satisfy outstanding debts, and to provide operating expenses for 2018.

Resolution Regarding Quebec House Investment

A motion was made, seconded and carried to approve the resolution recusing the International President and International Secretary-Treasurer with regard to any decision to engage NREA as a discretionary manager with respect to the Quebec House asset. Further, if CS Management issues an opinion that such engagement of NREA is appropriate and prudent and determines the full market value of the property and the Trustees of the PBF (other than the International President and the International Secretary-Treasurer) believe it is appropriate and prudent to engage NREA as a discretionary manager with respect to the Quebec House asset, then the Trustees of the PBF approve the delegation of discretionary investment management authority with respect to the PBF's investment in the Quebec House asset.

Appeals Filed with the International Executive Council

At its December 2017 meeting, the International Executive Council tabled an appeal from Local Union 716 member Dennis Lazard. After additional information was provided, the council reexamined the facts pertaining to the appeal, and it is the decision of the IEC to approve Brother Lazard's appeal.

Article XX and XXI Cases

In 2017, the IBEW was involved in two Article XX disputes, and no disputes under Article XXI.

IBEW Consolidated Balance Sheet/Income Statement Covering the 6-Month Period Ending December 31, 2017

Reviewed and Filed

IBEW Pension Benefit Fund Consolidated Statement of Net Assets/Changes Covering the 6-Month Period Ending December 31, 2017

Reviewed and Filed

This regularly scheduled meeting was adjourned, on Friday, February 2, 2018, at 12:00 p.m. The next regular meeting of the International Executive Council will commence at 8:30 a.m., on Monday, June 4, 2018, in Newport Beach, California.

For the International Executive Council

Patrick Lavin, Secretary
January 2018

Correction from the May 2018 Electrical Worker

The printed version of the IEC minutes for August 2017 incorrectly stated which International Convention was to be held in Chicago, Illinois, in 2021. It is the IBEW's Fortieth International Convention, not the thirtieth. We apologize for the error.

The IEC acted on numerous applications under the IBEW pension fund. For a complete listing, consult www.IBEW.org, clicking on the International Executive Council link on the "Who We Are" page.