IBEW Retirement Program
National Electrical Benefit Fund
The National Electrical Benefit Fund (NEBF) is an employer paid defined benefit retirement fund. This means that a monetary benefit is paid monthly based on qualifying years.
For more information follow the link to the NEBF Website:
IBEW LU 915 Pension Fund (click for fund documents)
The local union, through the collective bargaining agreement, has negotiated a 9% contribution rate for Journeyman and Apprentices (post 1000hrs) for our local union defined contribution pension fund. This fund is managed by the Health and Welfare Trustees and administered by Southern Benefit Administrators.
IBEW Pension Benefit Fund
Have you ever wondered where your dues go?
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. These improvements increased the death benefit payment to $6,250 and provided for an accidental death benefit of $12,500. The death benefit changes were made effective retroactively to September 10, 2001, to provide assistance to beneficiaries of our members who lost their lives in the terrorist attacks on September 11, 2001. 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.
Florida Multiemployer 401 (k) Plan
This fund is voluntary. If you would like more information please contact the hall (813) 621-6451.
Page Last Updated: Dec 21, 2016 (12:07:23)