1105 Pensions
Local :
- $3.27 per hour worked is contributed to your local pension by the contractors in which you work for. (Does not come out of your check).
National Electrical Benefit Fund:
- Contractor contributes an amount equal to 3% of your gross earnings. (Does not come out of your check) 300 minimum hours worked each year, gives you $32 per month for EACH year of service. Example: 30 years of service in the IBEW, you could receive $960 per month.
Annuity:
- $2.50 per hour worked is contributed to your annuity by the contractors in which we work for. If you 2000 hours in a year you will have $4,500 deposited into your account, plus any interest, etc. that the plan achieves.