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Mike Monahan Business Manager Local 103, IBEW
Election Day: Saturday, May 7, 2011
Dear Member, What our nation has seen over the past few years – turmoil in the ﬁnancial markets and a rising trend of attacks on organized labor – has made it absolutely vital for IBEW, Local 103 to have strong leadership that not only recognizes the problems we face but also is able to implement solutions that will keep our local union strong going forward. During my time as Business Manager, I have proven that I can provide such strong, steady, and eﬀective leadership. Recognizing the skill and expertise it would take to make sure that our Funds did not suﬀer the way so many other pension funds did during the economic crisis, I led the way with sound ﬁnancial policy, positioning Local 103 to be ready for the eventual rebound of the markets. What I can say now is that this approach has kept our Funds stronger than most other similar funds and our local union is well-situated to take on the challenges of the future. I am also proud to say that throughout all of the uncertainty of the past few years, Local 103 has never given up its commitment of service to the community. We have expanded our outreach to veterans returning from war and have increased our ability to provide aid to those members and their families who are seeking to further their education. I now respectfully ask for your vote so that I can continue to provide the strong, steady, eﬀective leadership that you deserve. The experience I have gained over the recent economic downturn, coupled with the ten years I have served as you Business Manager, will allow Local 103 to continue Fraternally, Michael P. Monahan
How is Mike Monahan performing on his 20 Year Plan? Here’s his report card:
Combat the trend of Public Work going to Non-Union contractors Local 103’s public market share has increased from just 12% in 1999 to over 70% today. This is thanks to the methodical vision of Business Manager Mike Monahan. The Market Recovery Program he instituted when he came to oﬃce has completely ﬂipped the trend of public work going to non-union contractors.
Recognizing Local 103 had a great product and tremendous value to offer electrical contractors and far to many were choosing to not partner with Local 103. Monahan started an aggressive top down organizing drive convincing some of the most successful open shop electrical contractors in our area that they could prosper with Local 103 by becoming union.
Organized Labor's image has been severely bruised and damaged over the past half century. Monahan started a public campaign to change how Local 103 was perceived in the public's eye. With our TV. Radio, and Print campaign - Local 103 is viewed as a professional, productive, organization with the public and industry owners and users.
Our future as an organization depends on the apprentice today whose man-hours will not only feed their families but the contributions will ensure benefits for retirees now and in the future. The bar in the apprentice school had to be raised to meet the needs for the future.
Recognizing substance abuse had no place in our organization and workplace. A zero tolerance program was negotiated making our job sites safer. Recognizing the renewable energy sector would take off - Monahan was ahead of the curb with branding and training positioning Local 103 as an industry leader in this sector.
The Business of Local 103
Halfway through the 20-year plan that Mike Monahan put into eﬀect in 1999, Local 103 is in a much better position than it was just 10 years ago thanks to Monahan’s strong, steady, proven, and eﬀective leadership. After almost three years of uncertainty in the ﬁnancial markets, the Local 103 Funds continue to outperform other similar funds because of shrewd decision-making and carefully planning. Local 103 has grown its contractor base in order to increase the number of jobs it is able to win. Through this all, the Local 103 Health and Welfare Fund remains strong, allowing Local 103 to provide quality coverage to all of our members. This commitment to our membership’s prosperity and wellbeing is what sets us apart as a union.
THE BIG PICTURE The worldwide ﬁnancial crisis that began in 2007 and lasted into 2009 has proven to be the worst economic downturn in the United States since the Great Depression. The recent recession lasted longer than any recession since the 1930s and the decline in the U.S.’s GDP as a result of the recession was the largest since the Depression. The combination of a a housing bubble bursting, excessive borrowing by consumers and business, corrupt actions by ﬁnancial institutions, and bank failures all came together in 2008 to cause a decline in all investments across the board. Equity markets fell by as much as 75% and some bonds have lost virtually all of their value. Stock markets are still struggling to rebound from the economic meltdown. Over 8.5 million jobs were lost during the recession and the construction industry has been faced with 30-40% unemployment. Needless to say, the eﬀect that this ﬁnancial situation has taken on beneﬁt plans across the country has been substantial, as nearly all investments lost value and there was no reasonable safe haven. However, the IBEW, Local 103 Pension Fund was able to perform better than 85% of similar plans in 2008. Because of a strategy, implemented by Business Manager Mike Monahan, which calls for acombination of diversiﬁed investments, seasoned consultants, managers and advisors, and a conservative approach to investing, IBEW, Local 103 Funds have been able to withstand the economic turmoil without serious damage to the Union Funds. Monahan and the Local 103 Trustees have not given up the long-term focus of the Funds’ investments and as a result, the Funds have been able to beneﬁt from the recovery that has been happening since 2009. The Pension Fund now sits in the Green Zone of fund rating, the highest status available, while so many pension plans across the region and the country were declared to be in the Yellow Zone or Red Zone, which mark a critical or endangered status. Local 103 has been able to continue to make beneﬁt payments to retirees and family members as well as health care payments uninterrupted. This is something that cannot be said for so many other organizations across the country. Only through the eﬀorts of Mike Monahan and the Trustees of Local 103 have we been able to protect the Union Funds during the most diﬃcult period in U.S. economic history since the Great Depression. Because of their work, IBEW, Local 103 members and their family have continued to be able to receive the beneﬁts they have earned and deserve.
ElectMikeMonahan.com WHAT CONTRACTORS ARE SAYING ABOUT LOCAL 103 “Local 103 has won back such a huge percentage of work in the ﬁeld of traﬃc signal upgrades that I had no other choice but to sign on as a signatory contractor. What I have found is that the decision to sign on was the absolute best move I could have ever made for my business. With Mike Monahan’s guidance, Corviello Electric is now competing for traﬃc signal jobs that we never would’ve been able to win as an open shop company.” - Sergio Corviello. Corviello Electric Inc. HEALTH AND WELFARE FUND Because of the dedication to improving the lives of all our members, whether working, unemployed, or retired, and all of their families, Local 103 has been able to continuously provide good quality health care and wellbeing through the Health and Welfare Fund. The coverage that Local 103 provides is unmatched in our industry. Some of the beneﬁts to members include: • Full health beneﬁts for Retirees aged 58-65 with no co-pay • Medicare supplemental coverage for those age 65+ • $59 million spent last year on health claims for Local 103 members and families • $16.7 million spent last year on prescription drug coverage for Local 103 members and families • Full health insurance coverage for unemployed members MARKET RECOVERY PROGRAM Mike gave me this info. Will ﬁll in. “I would have never been able to be successful in the public market without the aid that Local 103 provides. Mike Monahan’s vision for taking back the public sector is the main reason for that success. Where union contractors were able to win less than a quarter of the public work just ten years ago, under Mike Monahan’s leadership, we are now winning over three-quarters of that same work.” - Joe Bavarro, Brothers Electrical Company, Inc. “Having started oﬀ as an apprentice under Local 103, I then was a nonunion contractor for over 15 years. However, I made the decision to come back to the union after seeing the changes that have taken place. What I have found in my return is that our Business Manager, Mike Monahan, is committed to training the best electricians and technicians anywhere and my business can only beneﬁt from that commitment.” - John Corliss, J. Corliss Electric, Inc. “Mike Monahan has set Local 103 as a leader in the electrical industry. His ability to utilize resources at his disposal has only strengthened our union’s place at the top. From tracking jobs to investing in up-andcoming technologies, Mike’s dedication has led our union to be competitive now and ready for the challenges of the future. ” - Paul Maiuri, Maiuri Electrical Corporation
A CEO of Our Interests
$701 Million – IBEW, Local 103 Pension Fund $479 Million – IBEW, Local 103 Deferred Income Fund $8.2 Million – Loan Program from Deferred Income Fund $59 Million – Amount spent last year on Health Claims $16.7 Million – Amount spent last year on Prescription Drugs 2,192 – Number of monthly checks received by Local 103 Retirees 11.1% - Rate of return of Local 103 Pension Fund 223 - Contractors ﬁling monthly reports 40+ Diﬀerent Collective Bargaining Agreements
In his role as Business Manager, Mike Monahan must: • Manage a Staﬀ of 10 Business Agents, who are tasked with organizing and creating jobs • Negotiate and administer over 50 diﬀerent Collective Bargaining Agreements • Manage relations with 223 signatory contractors • Assist Union contractors through the bidding process • Manage the Market Recovery Program, with an annual $20 million funding, keeping an average of 590 members actively working every year. • Negotiate Health and Prescription Drugs Plan
Joint Apprenticeship Training Committee
Mike Monahan also oversees: • Apprenticeship School – a 501(c)(3) Educational Corporation • JATC Board of Trustees, as the Lead Trustee • Curriculum, administration, budget, maintenance and modernization of the school building • 69 teachers • JATC Trust Fund • Adhering with state and federal regulations and accreditation • Managing contractor contributions to the JATC
Focusing on the Long-term
As Lead Trustee, Mike Monahan is responsible for: • Pension Fund - $701 million, 2,192 monthly checks, 223 contractors reporting monthly earnings • Deferred Income Fund - $479 million, with a $8.2 million Loan Program • Health and Welfare Fund – covering 15,000 lives, while still providing top-quality coverage for workers, retirees, and unemployed members. • General Fund - $22.1 million • Market Recovery Fund - $ 20 million
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Pension Investment Jobs
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IBEW, Local 103 Collective Bargaining Agreements:
Able Engineering (Prudential Center) Able Engineering (Life Science) ADT Security Services Beacon Capital Boston Globe Newspaper Boston Herald Newspaper Boston Housing Authority Boston Lightning Rod Brigham & Women’s Hospital Broadway Real Estate BTE at Boston Scientiﬁc Carney Hospital Children’s Hospital, Boston Children’s Hospital, Waltham Christian Science City of Boston (Inspectors) City of Cambridge City of Chelsea City of Everett • • • • • • • • • • • • • • • • • • • Colonnade Hotel EMCOR (Moakley Courthouse) EMCOR (McCormack Building) EMCOR (Waltham) Everett Housing Authority Faulkner Hospital Harvard University Holy Name Hospital IAP World Services (Hanscomb AFB) Inside Construction Agreement International Sound IPC Information Systems JLL (Novartis) Johnson Controls Lynn Housing Authority Manulife (Hancock Building) Marshall’s Warehouse Mass Port Authority Mass Turnpike Authority • • • • • • • • • • • • • • • • • • MBTA Merck MetroWest Medical Center Multiband/DirecTV Museum of Fine Arts New Boston Garden Corporation Norwood Hospital Quincy Housing Authority Reading Municipal Light Department Russia Wharf Sterling Suﬀolk Race Course St. Elizabeth’s Hospital Telecommunications Agreement Underground Distribution Agreeement Union Hospital (Lynn) UNICCO (Gillette Stadium) UNICCO at State Street Wonderland Race Track
Community & Education
Providing access to superior industry training has always been a cornerstone of Mike Monahan’s commitment to the professional excellence of 103’s members. Through an unprecedented partnership between Local 103 and Wentworth Institute of Technology, Mike eﬀorts to enhance educational opportunities for 103’s Members have given many a chance to realize their desire for a college degree. Mike will continue to look for and cultivate new educational and community relationships with the hope of broadening opportunities for 103 Members and their families while strengthening our commitment to the communities in which we work and live.
WENTWORTH DEGREE PROGRAM Recognizing the to continue their education, Mike Monahan negotiated with Wentworth Institute of Technology to oﬀer an Associate Degree in Applied Science in Engineering Technology to members. Classes and training take place at the JATC during times that ﬁt the busy schedules of our members who are juggling a career, a family, and other priorities. The program is being oﬀered to members at 33% oﬀ of tuition. The discounted rate is locked in for the entire life of the coursework toward the Associate Degree, meaning that members can earn their degree for less than $10,000. Because of the skill level that Local 103 members are already able to reach through our apprenticeship program, Wentworth awards members with 27 credits entering the program. Students must then earn the remaining 33 credits to reach the 60 credits necessary for graduation. Wentworth also allows to transfer in an additional three credits from an approved program,
meaning that some students may begin their path to an Associate Degree, already halfway to completion. The ﬁrst class of Local 103 members is set to graduate with their degrees from Wentworth in August of this year. By all accounts, the program has been a major success. The ultimate vision for the Wentworth program is to expand the opportunities available to Local 103 members to include a Bachelor’s Degree as well. This program just goes to show the commitment that Mike Monahan and Local 103 have to improving the lives of members and their families.
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ElectMikeMonahan.com JATC AND INDUSTRY TRAINING The commitment and focus that Local 103 has brought to its industry training oﬀerings has led to recognition from the International Brotherhood of Electrical Workers, who has recognized Local 103 as one of the top three Locals in the nation in oﬀering continuing education for its Journeymen. What Local 103 is most proud of is our ability to provide our membership with Code Update Classes at no cost to members. This ensures that Local 103 electricians and technicians remain the most skilled in the region, while saving members hundreds of dollars on updates. 103 SCHOLARSHIPS • Massachusetts AFL-CIO Scholarships - Through the Massachusetts AFL-CIO, IBEW, Local 103 has been able to more than double its scholarships available for children of Local 103 members. This year, scholarship awards of $10,000 were available to ten children of Local 103 members for a total of $100,000. • Union Plus Scholarships – This is a one-time award of $500-$4,000 scholarships for members, spouses, and their children who are pursuing an undergraduate degree at an accredited college or university. • IBEW Founders’ Scholarship – This award is available to IBEW members with four years of continuous good standing only. Members receive $200 for every semester credit hour taken for a maximum of $24,000 per person. • Curry College Scholarship – Ten continuing education scholarships go to Local 103 members, spouses, and their children, worth $810 (a full course) each. In addition, one $20,000 award goes to an incoming Freshman every year. • SAT Tutoring – Local 103 oﬀers SAT Tutoring through Kaplan to college bound children of Local 103 members. Courses are held right at the JATC and the program is available at no cost to members.
HELMETSTOHARDHATS.ORG Helmets to Hardhats recognizes the supreme sacriﬁce that our Veterans have made for this country. The Wounded Warrior program supports disabled Veterans by providing the tools, information and community that will help Veterans gain careers in the Building and Construction Trades. Disabled Veterans may apply for and demonstrate their ability to perform any job listed on the Helmets to Hardhats website. Mike Monahan is very proud of the opportunity Local 103 IBEW has been able to, and will continue to oﬀer these wounded warriors. To be able to honor them in this way has been extremenly rewarding for this Union and these men and women.
STAND DOWN HOUSE Stand Down House assists male veterans who are struggling & have lost their homes & ability to lead productive lives due to combat & non-combat related mental & physical wounds/illness, addictions, and/or other issues regain their independence and lives through transitional living, a multi tiered program, & collaboration with government agencies, VSOs, & the community. HOW ARE WE HELPING? [INSERT]
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Expanding the In uence
In order to remain competitive in the today’s world, it is important to control the perception that outsiders have of our organization. Although the exceptional craftsmanship of our membership speaks for itself, there still remains an urgent need to get the word out to those in the construction industry that Local 103 is made up of the most highly skilled, highly trained electricians extra space and technician around. In order to do that, Mike Monahan has instituted an expanded advertising program that reaches across our jurisdiction and beyond through television, radio, and many other methods to let people know about Local 103’s work.
UPCOMING WORK As Local 103 eyes the future, we will continue to track large-scale developments that will be putting a great number of our members back to work in the near future. Just a few of these include: extra space Quincy Center Project Seeing an opportunity to lock down a signiﬁcant amount of work right in our back yard, Mike Monahan led Local 103 members from Quincy in demanding that the upcoming Quincy Center project be built under a Project Labor Agreement, with a 100% labor workforce. As a direct result of this eﬀort, the developer Street-Works and the City of Quincy agreed to the Project Labor Agreement on the $1.3 billion overhaul of downtown Quincy. The project will create over 4,000 construction jobs and around 5 million man-hours of labor. In all, the project will include 1 million square feet of new oﬃce space, about 700 new housing units and 570,000 square feet of new retail and restaurant space.
UMASS Boston UMASS Boston will soon begin a massive renovation plan under a Project Labor Agreement. The $750 million project will include new academic buildings, new campus housing, more open space, and a generally better integrated campus. An existing parking garage will be demolished and a new garage constructed on the edge of the campus. Also included in the plans is a new state-ofthe-art Science Center. Lowell General Hospital Lowell General Hospital has signed on to use Local 103 labor on its upcoming expansion project. The new wing will allow the private hospital to quadruple the number of beds available. The $97 million will create 400 new construction jobs as well as 180 new permanent jobs and is expected to generate $200 million for the surrounding area.
UMASS Boston Renovation Quincy Center Project
LOCAL 103 ECOADS PUT MEMBERS BACK TO WORK
extra space has taken advantage of the EcoAd program, which oﬀers three Local 103 distinct beneﬁts to our local union. First and most obvious, EcoAds allow us to reach out to the public with our message through television advertisement. Second, the program exempliﬁes our commitment to being a leader in renewable energy. Third and most important, the ads are literally putting our members back to work. For every EcoAd that Local 103 purchases through CBS, the program makes an investment in a stalled local green energy project that would otherwise go unfunded. In Local 103’s case, our members are guaranteed that these jobs will go our way.
TV AND RADIO ADS
As we continue to grow our union, we look to diﬀerent media to get Local 103’s message across to the general public.
ORGANIZING EFFORTS As one of the staples of organized labor, Local 103 continues to ﬁght for every job available for its members.
BOARD APPOINTMENTS Mike Monahan and his team of Business Agents provide more than just leadership in securing jobs for Local 103 members – they are instrumental in creating jobs in the surrounding area as well. Monahan himself holds a position on the Boston Zoning Board of Appeals. In this capacity, Monahan works closely with Mayor Menino on development, with a keen eye on promoting the use of Local 103 members on projects around the City of Boston. Monahan has established close professional relationships with some of the area’s largest developers as a direct result of his work with the ZBA. Local 103 Business Agents also represent us on the Massachusetts Clean Energy Center, the Quincy Zoning Board of Appeals, the Quincy Planning Board, the Braintree Zoning Board of Appeals, and the Weymouth Community Preservation Committee.
173 West Second Street South Boston, MA 02127
ON MAY 7, 2011 - VOTE MIKE MONAHAN - PROVEN LEADERSHIP
Find me on Facebook Search “Mike Monahan”
Election Day: Saturday, May 7, 2011
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