Annuity Benefits

The Electrical Workers Local No. 26 Individual Account Plan provides you with retirement benefits that supplement benefits provided by the Local No. 26 Pension Trust Fund, social security and other retirement plans. This Annuity Plan is intended to be a retirement plan, not a savings plan or an account that can be used to supplement current income or meet financial needs during your working lifetime (such as financial needs associated with the purchase of a home, medical treatment or education). Consequently, there are several conditions that must be met in order for you to qualify for withdrawal of the funds in your account.