PEF Five-Year Financial Projections
|
Current Dues Structure (0.8%, $640 dues cap) |
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|
PEF Fiscal Year |
Projected Total Income* (millions) |
Projected Total Expenses (millions) |
Deficit (millions) |
|
2001-2002 |
$22.271 |
$23.146 |
($.875) |
|
2002-2003 |
$23.022 |
$24.247 |
($1.225) |
|
2003-2004 |
$23.689 |
$25.608 |
($1.919) |
|
2004-2005 |
$24.376 |
$26.777 |
($2.401) |
|
2005-2006 |
$25.083 |
$27.712 |
($2.629) |
*
Projections incorporate negotiated and anticipated salary increases.
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Proposed Dues Structure (0.9%, no dues cap) |
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|
PEF Fiscal Year |
Projected Total Income (millions) |
Projected Total Expenses (millions) |
New Strength Funds (millions) |
|
2001-2002 |
$25.210 |
$23.146 |
$2.064 |
|
2002-2003 |
$26.058 |
$24.247 |
$1.811 |
|
2003-2004 |
$26.815 |
$25.608 |
$1.207 |
|
2004-2005 |
$27.593 |
$26.777 |
$0.816 |
|
2005-2006 |
$28.401 |
$27.712 |
$0.689 |
|
Proposed Allocation of New Strength Funds |
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|
PEF Fiscal Year |
Members’ War Chest (millions) |
Mobilizing/ Training (millions) |
Political Action (millions) |
Total (millions) |
|
2001-2002 |
$1.539 |
$0.325 |
$0.200 |
$2.064 |
|
2002-2003 |
$1.286 |
$0.325 |
$0.200 |
$1.811 |
|
2003-2004 |
$0.682 |
$0.325 |
$0.200 |
$1.207 |
|
2004-2005 |
$0.291 |
$0.325 |
$0.200 |
$0.816 |
|
2005-2006 |
$0.164 |
$0.325 |
$0.200 |
$0.689 |
|
Total |
$3.962 |
$1.625 |
$1.000 |
$6.587 |
|
Average Cost of Dues Increase (based on the average PEF member salary of $48,000) |
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|
Dues Amount |
Payment Per Week |
Payment Per Pay Period |
Payment Per Year |
|
0.8% |
$7.38 |
$14.77 |
$384.00 |
|
0.9% |
$8.31 |
$16.62 |
$432.00 |
|
Increase |
$0.93 |
$1.85 |
$48.00 |