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Presented By: Mike Stotz President, AFL-CIO Investment Trust Corporation January 31, 2013.

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Presentation on theme: "Presented By: Mike Stotz President, AFL-CIO Investment Trust Corporation January 31, 2013."— Presentation transcript:

1 Presented By: Mike Stotz President, AFL-CIO Investment Trust Corporation January 31, 2013

2 Collectively Bargained ($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)

3 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

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6 A Strong Partnership A Shared History BIT projects have created: Thousands of IBEW construction jobs Servicing contracts with IBEW locals on 60 current projects

7 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 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

8 Launched March 3,2011 $2.9 Billion in assets Responsible Proxy Voting $5 billion in assets 91 Participating Plans Trustee: Chevy Chase Trust Manager : ASB Capital Management LLC

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10 Take Ownership of Your Money Invest Union

11 Mike Stotz President AFL-CIO Investment Trust Corporation 815 Connecticut Avenue, NW, Suite 320 Washington, DC 20006 Phone: 202-898-9190 Fax: 202-898-9194 mstotz@aflcio-itc.com www.aflcio-itc.com


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