Retirement

NEBF PENSION PLAN

The National Electrical Benefit Fund (NEBF) was established as a result of an agreement between the International Brotherhood of Electrical Workers (IBEW) and the National Electrical Contractors Association (NECA) in 1946 to provide workers in th electrical construction industry with a retirement plan. There have been many changes to the Plan since it was established. Your benefit is generally based on the rules of the NEBF at the time you begin receiving a benefit. Therefore, before making any decision that could affect your rights or responsibilities under the Plan - such as a decision to retire - you should contact the NEBF office and ask about how the Plan applies to your situation. If you have any questions about the NEBF, you should contact the NEBF office.

Click Here For an NEBF Summary Plan Booklet or Pension Application

IBEW PENSION PLAN

About the Pension and Reciprocity Department The IBEW Pension and Reciprocity Department reports and provides assistance to the International Officers on departmental areas of responsibility: pension and death claim payments, construction industry reciprocity and membership records. The IBEW has a long history of designing and providing benefits to help its members. In 1922, the IBEW created the Electrical Workers Benefit Association (EWBA) to ensure sufficient resources to provide a dignified interment when an IBEW member passed away. The delegates to the 1927 IBEW Convention authorized the creation of a pension fund, and in 1928, the Officers of the IBEW introduced the IBEW Pension Benefit Fund (PBF) to provide much-needed and previously unattainable pension benefits for all participating members. These two plans functioned separately for many years and to improve benefits a decision was approved to combine the plans. At the 1991 Convention, the EWBA and PBF were amalgamated into one fund, and as a result, death and pension benefits were significantly improved. At that time, all EWBA beneficiary designations became null and void, and all death benefits after this time have been paid by the PBF. The most recent changes to the PBF death benefits were approved at the 2001 Convention and became effective January 1, 2002, thereby increasing the death benefit payment to $6,250 and providing for an accidental death benefit of $12,500. At the 37th IBEW Convention held in September 2006, the delegates approved an increase to PBF pension benefits providing a $4.50 credit per year of service. All members retiring January 1, 2007, or later will receive these improved payments. The Department provides assistance with and research into membership records, for the purpose of determining eligibility for pension and death benefits providing this assistance to the International Officers and various departments in the International Office. The Officers and departments utilize these requests for organizing activities, political action, and informational mailings. The Department researches and corrects data not provided (or incorrect data) for members. This research includes reviewing per capita reports, obligation forms, beneficiary forms (including old EWBA records), and correspondence, and when necessary, contacting local unions directly for information to maintain accurate records.

Click Here for an IBEW Summary Plan Booklet

Call Margaret at the Union Hall with Questions or if You Would Like Assistance With Your NEBF or IBEW Pension Applications

602.264.4506, Extension 121

or email: margaret@ibew640.com 

LOCAL 640 PENSION & ANNUITY

The Local Union 640 Pension and Annuity Funds Are Administered by Zenith-American Solutions. Please contact Christina at 602.650.8115 or cnwagner@zenith-american.com for Assistance With Your Local 640 Pension and Annuity