Notice to all members:
The following information is for your file. This will help you to summarize the different benefits available. Please check your agreement for the benefits that apply to you.
NECA-IBEW PENSION TRUST FUND (Decatur Plan) 5 year vesting. Early Retirement with reduction- age 55-59. Full benefits - age 60 Current contribution (paid by contractor) - Death benefit - Pre retirement -depends vesting status. Post retirement - depends on retirement election and/or time receiving pension.
IBEW PENSION - (International Pension) 20 year vesting - paid through dues - current retirement rate - $4.50 per month for each full year of continuous good standing as an "A" member (after 1997) $3.50 per month prior to 1997. Early retirement with reduction - age 62-64. Full benefits- age 65.
NEBF PENSION - (National Electrical Benefit Fund) - 5 year vesting - paid by contractor (3% of gross earnings) - current retirement rate $32.00 per month per year of credited service - Early Retirement with reduction - age 60 & 61. Full benefits - age 62.
ALL ABOVE IS GENERAL INFORMATION - INDIVIDUALS MAY HAVE VARIANCES
For questions please contact: Margaret at (815) 729-1240 for further information.
For questions please contact: Nichole, (815) 729-2666 for further information.
Please remember to change beneficiaries with each office listed, this cannot be done automatically, it must be requested by you!
The following information is for your file. This will help you to summarize the different benefits available. Please check your agreement for the benefits that apply to you.
NECA-IBEW PENSION TRUST FUND (Decatur Plan) 5 year vesting. Early Retirement with reduction- age 55-59. Full benefits - age 60 Current contribution (paid by contractor) - Death benefit - Pre retirement -depends vesting status. Post retirement - depends on retirement election and/or time receiving pension.
IBEW PENSION - (International Pension) 20 year vesting - paid through dues - current retirement rate - $4.50 per month for each full year of continuous good standing as an "A" member (after 1997) $3.50 per month prior to 1997. Early retirement with reduction - age 62-64. Full benefits- age 65.
NEBF PENSION - (National Electrical Benefit Fund) - 5 year vesting - paid by contractor (3% of gross earnings) - current retirement rate $32.00 per month per year of credited service - Early Retirement with reduction - age 60 & 61. Full benefits - age 62.
ALL ABOVE IS GENERAL INFORMATION - INDIVIDUALS MAY HAVE VARIANCES
- UNION LABOR LIFE INSURANCE - $8500.00 life insurance - paid through dues $76.56 yearly (effective 1/1/07)
- IBEW PENSION BENEFIT FUND - (Death Benefit) $6250.00 normal death - this benefit changes to no less than $3000.00 if you have retired. $12500.00 accidental death
For questions please contact: Margaret at (815) 729-1240 for further information.
- NECA-IBEW LOCAL 176 PENSION PLAN - Local Pension - immediate vesting - Current contribution rate (paid by contractors) Eligible at age 55 without penalties
- NECA-IBEW LOCAL 176 HEALTH & WELFARE FUND - (Medical, dental, vision and MAP) Current contribution rate (paid by contractors)
- SUPPLEMENTAL UNEMPLOYMENT BENEFITS FUND - (SUB Fund) - Based on credits earned - Current contribution rate (paid by contractors)
- AMALGAMATED LIFE- Life Insurance $25,000.00 (2/1/15)
- AMALGAMATED LIFE - Accidental Death & Dismemberment Ins. $25,000.00 (2/1/15)
- NUMARK CREDIT UNION - Savings Trust Fund - Current contribution rate (deducted from wages)
For questions please contact: Nichole, (815) 729-2666 for further information.
Please remember to change beneficiaries with each office listed, this cannot be done automatically, it must be requested by you!