STRONG, STEADY, PROVEN, EFFECTIVE LEADERSHIP

WHEN IT’S NEEDED MOST

Photo of Mike

Re -
Elect Mike Monahan
Business Manager
Local 103, IBEW

Election Day: Saturday, May 7, 2011

ElectMikeMonahan.com
Dear Member, How is Mike Monahan performing on his 20 Year Plan? Here’s his report card:
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 Combat the trend of Public Work going to Non-Union contractors
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
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
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it would take to make sure that our Funds did not suffer the way so many flipped the trend of public work going to non-union contractors.
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.
Recognizing Local 103 had a great product and tremendous value to offer electrical
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
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
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their education. becoming union.

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, Organized Labor's image has been severely bruised and damaged over the past half

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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
Michael P. Monahan 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

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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.

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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 THE BIG PICTURE

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 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 burst-
ing, 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, Only through the efforts of Mike Monahan and the
implemented by Business Manager Mike Monahan, Trustees of Local 103 have we been able to protect
which calls for acombination of diversified investments, the Union Funds during the most difficult period in
seasoned consultants, managers and advisors, and a U.S. economic history since the Great Depression.
conservative approach to investing, IBEW, Local 103 Because of their work, IBEW, Local 103 members and
Funds have been able to withstand the economic their family have continued to be able to receive the
turmoil without serious damage to the Union Funds. benefits they have earned and deserve.
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
Graph
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.

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.
“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-and-
coming technologies, Mike’s dedication has led our
union to be competitive now and ready for the chal-
lenges of the future. ”
- Paul Maiuri, Maiuri Electrical Corporation

HEALTH AND WELFARE FUND Some of the benefits to members include: MARKET RECOVERY PROGRAM

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.
• Full health benefits for Retirees aged 58-65 with no
co-pay Mike gave me this info. Will fill in.
• 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
A CEO of Our Interests
CEO write-up $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
Day-to-Day Operations
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

11.1% - Rate of return of Local 103 Pension Fund

Focusing on the Long-term
223 - Contractors filing monthly reports
As Lead Trustee, Mike Monahan is responsible for:
40+ Different Collective Bargaining Agreements
• 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
Picture of Mike
still providing top-quality coverage for workers,
retirees, and unemployed members.
• General Fund - $22.1 million
• Market Recovery Fund - $ 20 million

ElectMikeMonahan.com

Pension Investment Jobs 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 meaning that some students may begin their path to an
Associate Degree, already halfway to completion.
Recognizing the to continue their education, Mike
Monahan negotiated with Wentworth Institute of The first class of Local 103 members is set to graduate
Technology to offer an Associate Degree in Applied with their degrees from Wentworth in August of this year.
Science in Engineering Technology to members. By all accounts, the program has been a major success.
The ultimate vision for the Wentworth program is to
Classes and training take place at the JATC during times expand the opportunities available to Local 103 members
that fit the busy schedules of our members who are to include a Bachelor’s Degree as well. This program just
juggling a career, a family, and other priorities. The goes to show the commitment that Mike Monahan and
program is being offered to members at 33% off of tuition. Local 103 have to improving the lives of members and
The discounted rate is locked in for the entire life of the their families.
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
Follow this TAG for information on the
remaining 33 credits to reach the 60 credits necessary for
Wentworth Program
graduation. Wentworth also allows to transfer in an
additional three credits from an approved program,

ElectMikeMonahan.com

JATC AND INDUSTRY TRAINING 103 SCHOLARSHIPS
• Massachusetts AFL-CIO Scholarships - Through the
The commitment and focus that Local 103 has brought to its industry training offerings has Massachusetts AFL-CIO, IBEW, Local 103 has been able to
led to recognition from the International Brotherhood of Electrical Workers, who has more than double its scholarships available for children of
recognized Local 103 as one of the top three Locals in the nation in offering continuing Local 103 members. This year, scholarship awards of
education for its Journeymen. $10,000 were available to ten children of Local 103
members for a total of $100,000.
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 • Union Plus Scholarships – This is a one-time award of
remain the most skilled in the region, while saving members hundreds of dollars on $500-$4,000 scholarships for members, spouses, and
updates. 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 STAND DOWN HOUSE

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 Con-
struction 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 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] Follow this TAG to donate to Stand Down House.
 Expanding the Influence UPCOMING WORK UMASS Boston

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.
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 will soon begin a massive renovation plan
under a Project Labor Agreement. The $750 million proj-
ect 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-of-
the-art Science Center.
Quincy Center Project
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

ElectMikeMonahan.com

LOCAL 103 ECOADS PUT MEMBERS BACK TO WORK TV AND RADIO ADS

extraLocal
space As we continue to grow our union, we look to different
103 has taken advantage of the EcoAd program, which offers three media to get Local 103’s message across to the general
distinct benefits to our local union. First and most obvious, EcoAds allow public.
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.

ORGANIZING EFFORTS BOARD APPOINTMENTS

As one of the staples of organized labor, Local 103 Mike Monahan and his team of Business Agents provide
continues to fight for every job available for its more than just leadership in securing jobs for Local 103
members. 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

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Election Day: Saturday, May 7, 2011 ElectMikeMonahan.com