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1105 Pensions

Local Pension:

  • $5.27 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.

International Pension Benefit:

  • Every year you are a member, you receive $4.50 per month per year of membership.
  • (Min. 10 yrs. Must maintain membership)
  • Death Benefit $6,250 / $12,500 accidental

Annuity:

  • $3.10 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 $6,200 deposited into your account, plus any interest, etc.
  • that the plan achieves.