FAQ's
Please choose a topic to find out the answers to frequently asked questions from participants
Value of Pension
Pension for my Surviving Spouse or Beneficiary
How do I find out how much my pension is worth?
The Pension Office can print a Pension Credit History for you. These are also mailed to all participants in the plan once each year.
How many hours do I have to work each year to get a credit?
A minimum of 1600 hours must be worked in order to receive a credit for a year of service. 400 hours will prevent a break in service.
Why do I only have "X" number of credits for pension when I started with the Union "X" years before that?
Pension credits are earned under specific job classifications. First year apprentices, residential trainees and communication trainees do not earn pension credit.
Can I withdraw my pension before retirement?
No, you may apply for a early monthly pension benefit when you reach the age of 55 or, in cases of proven disability, at any age. Normal retirement age is 62.
What is vesting?
Vesting means you have worked for 5 years with a minimum of 1600 hours each year. You will be entitled to a Pension once you have reached that status. Your right to that Pension cannot be forfeited.
What if I leave the Union before the 5 years?
You will forfeit your earned pension credits.
What happens to the money in the fund if I forfeit it?
It goes into the general pension fund.
What if I die before I begin collecting my pension?
There are three types of benefits for a surviving spouse or named beneficiary: the Early Survivor Pension, the Lump Sum Death Benefit and the 5-Year Survivor's Pension. Make sure that a current beneficiary form is on file in the Fund Office.
What would my pension benefit be from the IBEW Pension Benefit Fund and the National Electrical Benefit Fund (NEBF)?
You must contact these organizations to find out when and what your retirement benefit would be from those plans.
What if I am called for military duty?
If you leave employment covered by the Plan to go into military service that is required by law, you will generally be entitled to credit for that time, provided you return to your job within three months after your discharge. Therefore, be sure to notify the Pension Office prior to your entry into the military service and promptly upon your return.
What do I need to give the Pension Office when I retire?
Contact the benefits office and request an application three (3) months prior to your anticipated retirement. You will need birth certificates, marriage certificates and if applicable, divorce decrees and property settelements. More information may be requested depending on your individual circumstances.