IBEW 176 Union

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  • Home
  • Member Access
  • Benefit Funds
    • Benefits Overview
    • Pension Information
    • Member Assistance Program
    • Decatur Pension
    • NEBF
    • Local Pension
    • Health & Welfare
    • Health Reimbursement Account
    • Union Wellness Center
  • Information
    • Referrals
    • Payments
    • Wage Sheets
    • Agreements
    • Local 176 Map
    • Do Not Patronize
    • PAC
    • Member Assistance Program
    • Drug Testing
    • Banquet Hall
    • Merchandise
    • Bereavement Notices
    • Links
  • Directory
    • Officers
    • Committees >
      • JATC
      • PAC
      • Safety
      • Joint Safety
      • Pension
      • Health & Welfare / Sub
      • LMCC / Bonding / Audit
      • Picket
      • Brotherhood Outreach (BRO)
      • Labor Management
      • RENEW Committee
  • JATC
  • Contractors
    • Qualified Electricans
    • Industrial / Commercial
    • Residential
    • Voice-Data-Video
    • Sign
  • Blog
  • Available College Scholarships

Benefits Overview

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. $5.50 per month beginning in 2023.

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
  • STANDARD LIFE INSURANCE - $8,500.00 life insurance - paid through dues $76.56 yearly (effective 4/1/2020)
  • IBEW PENSION BENEFIT FUND - (Death Benefit) $6,250.00 normal death - this benefit changes to no less than $3,000.00 if you have retired. $12,500.00 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) - 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!


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