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The regular meeting of the International Executive Council was called to order at 2:00 p.m., by Chairman Erikson, on Tuesday, May 18, 2021, via audio/video conference call. Other members of the council in attendance were Calabro, Calvey, Burgham, Riley, Furco, Wine, Chincio and Venoit. International President Stephenson International President Lonnie R. Stephenson offered reports to the members of the International Executive Council on a variety of matters affecting all branches of the Brotherhood. International Secretary-Treasurer Cooper International Secretary-Treasurer Kenneth W. Cooper offered 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 There were no Article XX or XXI cases to report. Local Union Under International Office Supervision Local Union 2330 was placed under trusteeship on June 3, 2019. International President requested an extension of the trusteeship for an additional six months, a motion was made, seconded and carried to extend the trusteeship. Appeal Filed with the International Executive Council The International Executive Council has conducted a thorough review of the facts pertaining to an appeal from Local Union 530 member Stephen P. Brander and it is the decision of the I.E.C. to concur with President Stephenson's decision. Resolution Regarding Pension Coverage for IBEW Office Employees The I.E.C. took action to ensure that pension benefits provided in the Constitution for employees of the International Office will be paid consistent with tax law requirements. Resolution Dealing With Pension Coverage for International Officers, Representatives and Assistants of the IBEW The I.E.C. took action to ensure that pension benefits provided in the Constitution for officers, representatives and assistants will be paid consistent with tax law requirements. IBEW Consolidated Balance Sheet/Income Statement covering the 9-month period ending March 31, 2021 Reviewed and Filed IBEW Pension Benefit Fund Reviewed and Filed Retirement of International Executive Council Secretary, Director, and International Representatives Patrick A. Lavin, Secretary, I.E.C. Seventh District Vested Pension Jed K. Dunagan, State Organizing Coordinator, This regularly scheduled meeting was adjourned, on Tuesday, May 18, 2021, at 5:00 p.m. The next regular meeting of the International Executive Council will commence on August 31, 2021, via audio/video conference call at 2 p.m. For the International Executive Council Myles Calvey, Secretary 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. |
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